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Australian Property Investor Magazine

As more Australians than ever sleep in tents and cars, the Chair of the National Housing Finance and Investment Corporation has declared Australian housing is facing its most crucial week in a generation.

Major daily newspapers are running front page stories of homeless people forced by a rental crisis into sleeping in tents, women around the country are living in cars thankful that winter has not yet arrived, and “Australian housing is facing probably its most crucial week in a generation.”

That was the picture painted by the Chair of the National Housing Finance and Investment Corporation (NHFIC), Adrian Harrington, on Tuesday.

“I opened a new housing development on the Central Coast (New South Wales) that was funded by NHFIC and it was for over-55 women and one of the women there that’s getting a brand new, beautiful apartment was in tears.

“I said ‘oh, you must be so happy’ and she replied ‘I’m so happy because I’ve been living in my car for six months and showering at surf clubs.’

To read the article in full, click here.

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