Australia needs a third pillar of housing
Published by the Business Council of Co-operatives and Mutuals 3 May, 2022
Australia has a housing affordability crisis that has only been further exposed in the challenges of the last few years. A key driver of Australia’s acute housing affordability crisis is over-reliance on just two housing options: private home ownership and private renting.
We urgently need a diversification of housing models to meet the full range of housing needs and aspirations in the Australian community including key workers, young people, people with a disability, older Australians and Aboriginal and Torres Strait Islander People.
Housing co-operatives, housing that is owned and democratically controlled by groups of residents, are the third pillar in housing that can build a better home for all Australians.
The BCCM is calling on all political parties to work with the sector to develop equity and share equity models of co-operatives housing that can give more Australians access to secure and affordable housing.
Read the full article - click on link to BCCM website: Australia needs a third pillar of housing