The share of social housing in overall residential housing in South Australia is one of the largest in Australia, according to the latest report from the Australian Bureau of Statistics.
The report shows that social housing comprises 5.9% of the state’s overall residential segment. This is almost double the share of social housing stock in Victoria at 3%. It is also higher than in Queensland (3.4%), Western Australia (3.9%), New South Wales (4.8%), and Tasmania (5.8%).
The proportion of social housing in the state is also higher than the whole country at 4.1%.
Michelle Lensink, minister for human services, said the state government has a clear plan to support the most vulnerable and empower more South Australians into affordable homeownership.
“We want to ensure social housing is available for our most vulnerable, which is why we’re currently modernising our social housing system with the aim of delivering better, fairer, more efficient and transparent services to South Australians,” she said.
Lensink said the state’s $550m new housing and homelessness strategy will be able to commence the construction of 1,000 new affordable homes by 2025.
“It’s providing a steady pipeline of work for our construction and building industry. At its heart, our new $550 million strategy aims to help South Australians into homeownership, prevent people falling into homelessness and ensure public housing is available for our most vulnerable,” she said.
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we’ll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We’ll even help with the paperwork. Plus an appointment is free.