WA has an affordable housing crisis. Over 194,000 people need affordable housing. Less than 1% of homes in the Perth Metro area are vacant – even fewer are vacant in some regional communities.
Why WA needs The Home Hub
An increasing number of people are unable to access the private rental market because there is limited supply, causing prices to increase beyond what they can afford. Some of these people do not fit the criteria for social housing, and stay at risk of homelessness or experience homelessness. Affordable rental housing fills this gap, and The Home Hub is an affordable housing marketplace.
What contributes to the current WA affordable housing crisis?
- State emergencies such as COVID-19, bushfires, cyclones and floods impact our economy, causing some workers to lose parts of their income, and even lose their jobs.
- More people are returning to WA to live, increasing the demand for housing.
- The State and Federal government supports are reducing or have ended. For example, on the 31st March 2021, the moratorium on rent and evictions ended, which has created a surge of people who are looking for affordable housing at the same time.
- There is an increased number of people applying for rentals.
- There is a decreased number of private rental investors due to unfavourable conditions for property investment, contributing to even less rental supply.
- There is an inadequate supply of social housing – there are 16,000 applications on the waitlist.
- There is inadequate federal support – there isn’t a range of affordable housing programs and services that support Western Australians who need affordable housing.