Affordable Housing - the co-operative option
Excerpt from article by Andrew Sadauskas published on The Fifth Estate published 31 April 2022
With house prices soaring and the National Rental Affordability Scheme ending, there’s rising interest in housing co-ops as alternative housing models.
A growing number of people are being forced to acknowledge they may never own their own home.
Soaring house prices, not just in our major cities but also increasingly in the bush, means the great Australian dream of home ownership is increasingly beyond the reach of millions of people.
Meanwhile, the end of the federal government’s National Rental Affordability Scheme is leaving policymakers scrambling for affordable housing options.
But what if there was a proven alternative to public housing, the rental market or private home ownership?
A financially self-sustaining model that is not just a once-off trial, or a hypothetical, but has a proven decades-long track record of providing homes for thousands of Australians?
That’s what housing co-operatives offer.
Opportunities for partnership
With interest in the sector growing, the co-operative housing sector offers a good partnership opportunity for businesses, governments and philanthropists that are looking to provide more affordable housing.
Read the full article Affordable Housing: the co-operative option on The Fifth Estate