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Housing crisis: what we need is superannuation for cities

Written by Scott Langford | Oct 8, 2023 10:35:51 PM

The NSW Minns government has proposed some good policies to help pump vital blood through Sydney with a strong policy on housing. But is it enough? Good start, but a hypothetical exercise with some developers that SGCH worked with revealed something else was needed.

If we are to get blood to the muscle of the economy, workers need access to housing they can afford in proximity to where the jobs are located.

If we are to get oxygen to the brain of our society, students need access to housing they can afford in proximity to places to learn.

And if we are to keep the heart of our community pumping, people need to be able to put down and maintain roots in places where the cost of housing doesn’t force them to sever ties and move every six months. 

There have been so many inquiries and reports that conclude we are not providing enough affordable housing, that it is time to print those reports and start building houses out of them.

Just when we thought the housing crisis couldn’t get any worse, there is more evidence that Sydney is the biggest killer of not only the great Aussie dream of home ownership, but also a much more fundamental one – the universal right to adequate housing. 

More and more people are renting for life – if they can find a home. Sydney’s growth by sprawl, long the enemy of community building and the environment, is also costing potential homeowners the earth at a time when people are stretched to the limit. 

 

This is an extract from an article written by Scott Langford CEO of SGCH for The Fifth Estate, published on 28th September 2023. 

Read the full article below: 

Read the full story: Housing crisis: what we need is superannuation for cities - Australian Financial Review

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