Band-aid or Panacea? The Role of Private Rental Support Programs in Addressing Access Problems in the Australian Housing Market

Jacobs, Keith; Natalier, Kristin; Berry, Mike; Seelig, Tim; Slater, Michele

doi:10.1080/02673030701608100

Cited by 6 publications

(3 citation statements)

References 9 publications

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“…It is suggested that BTR cannot meet the affordable housing requirements of mid-tolow-income households in Australia. However, the findings of previous studies by [74] show that the private rental market can play a crucial role in this pursuit. The level of participation depends on the nature of the scheme in question and the Government's policy direction.…”

Section: The Conundrum Of Scalabilitymentioning

confidence: 94%

Increase Government Support for Build-to-Rent: Should We Expect Affordable Housing?

Swanzy-Impraim,

Ge,

Mangioni

2023

Buildings

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Build-to-rent (BTR) is an important pathway for rental housing supply across the cities of Australia. The discourse has become more prevalent as stakeholders seek government support to expand the sector to provide, amongst other reform measures, affordable rental accommodation. This paper examines the effectiveness of BTR as a pathway to affordable housing supply in Australia and identifies the additional reforms needed to increase that supply further. Interviews with key stakeholders were used to assess the success of the asset class to date and how it is likely to perform in increasing affordable rental housing supply, as well as what additional reforms may be required to expedite supply. The paper found that while BTR aims to scale up rental housing supply, its limitations in its present form demonstrate the need for additional reforms. At present, unfavorable taxes, inner-city locational attributes, and ultramodern services make the asset class a high-end housing model. Experts posit that BTR rental prices are justified given the quality amenities and the 24/7 onsite professional management. While it is a premium product, several BTR projects in Australia have included portions of those projects for affordable housing. The study concluded that BTR can generate affordable housing outcomes in Australia. As more developments take place across the private sector, several regulatory reforms in land release and taxes are needed to produce a sizable portfolio of affordable BTR. Without government support and regulation through additional supply-side incentives, development and recurrent holding costs will remain high, making BTR unaffordable to many urban residents.

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Section: The Conundrum Of Scalabilitymentioning

confidence: 94%

Increase Government Support for Build-to-Rent: Should We Expect Affordable Housing?

Swanzy-Impraim,

Ge,

Mangioni

2023

Buildings

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“…The move to a choice-based regime of support has seen the PRS viewed increasingly as a means for housing vulnerable households with complex needs who might otherwise have been housed in a more institutionalised form of permanent supportive housing (Parkinson and Parsell 2018). The existing literature (Jacobs et al 2007;Tually et al 2015;Parkinson 2015; SCRGSP 2017) reveals significant gains in such programs in facilitating rental access, but also mixed outcomes in terms of long-term tenancy sustainability or the ability to accommodate long-term needs. The key themes emerging from community agencies on brokerage and head-leasing models are discussed below.…”

Section: The Supported Pathway To Private Rentalmentioning

confidence: 99%

Navigating a Changing Private Rental Sector: Opportunities and Challenges for Low-Income Renters

2018

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AHURI is a national independent research network with an expert not-for-profit research management company, AHURI Limited, at its centre. AHURI's mission is to deliver high quality research that influences policy development and practice change to improve the housing and urban environments of all Australians. Using high quality, independent evidence and through active, managed engagement, AHURI works to inform the policies and practices of governments and the housing and urban development industries, and stimulate debate in the broader Australian community. AHURI undertakes evidence-based policy development on a range of priority policy topics that are of interest to our audience groups, including housing and labour markets, urban growth and renewal, planning and infrastructure development, housing supply and affordability, homelessness, economic productivity, and social cohesion and wellbeing. Acknowledgements This material was produced with funding from the Australian Government and state and territory governments. AHURI Limited gratefully acknowledges the financial and other support it has received from these governments, without which this work would not have been possible. AHURI Limited also gratefully acknowledges the contributions, both financial and in-kind, of its university research partners who have helped make the completion of this material possible. We are indebted to each of the individuals who generously shared their experiences of renting, as well as their insights into how the sector can be improved from a consumer perspective. We thank the community providers and tenancy managers who provided an in-depth understanding of the practice and policy issues faced by low-income renters for sharing their practice innovation and also for assisting with the recruitment of renters for the research. The responses from investors/landlords to our survey is greatly appreciated and has provided much needed background on the motivations for investing and receptiveness to different policy scenarios in providing more affordable rentals. Sincere thanks is also extended to Dr Farnaz Zirakbash for providing invaluable research assistance with entering interviews into NVivo. Finally, we would like to thank Professor Terry Burke, who graciously shared his wisdom on earlier drafts of the introductory and future directions policy chapters, as well as providing advice on the landlord survey. Disclaimer The opinions in this report reflect the views of the authors and do not necessarily reflect those of AHURI Limited, its Board, its funding organisations or Inquiry panel members. No responsibility is accepted by AHURI Limited, its Board or funders for the accuracy or omission of any statement, opinion, advice or information in this publication. HILDA disclaimer This paper uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA project was initiated and is funded by the Australian Government Department of Social Services (DSS) and is managed by the Melbourne Institute of A...

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“…The pension provided income support in retirement with cost of living, and with housing and accommodation costs such as the supplement for private renters. The rent assistance schemes however, have become increasingly under pressure in the later part of the 20 th and early part of 21 st Century (Jacobs, Natalier, Berry, Seelig, & Slater, 2007). Rent assistance payments are no longer keeping pace with actual costs of private rental (Symond, 2007).…”

Section: Welfare and Housingmentioning

confidence: 99%

The housing security afforded by later life housing circumstances of ex-service households of Queensland: a life course perspective

Oxlade¹

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This thesis investigates the relationship between service in the Defence Forces, outcomes of that service and later life housing outcomes of ex-service households. In particular, the research focuses on households eligible for Australian Department of Veterans' Affairs (DVA) benefits and support because of the past service of a household member. The outcome of key interest is housing security, defined in this study as the independence, security and control afforded beneficiaries by their household and housing circumstances.The attainment of housing security in later life is of major importance in an ageing Australia as it supports ageing in place, or the desire to remain at home or in a familiar place, and provides a sense of wellbeing and belonging necessary for successful ageing (Australian Institute Health & Welfare, 2013; Boldy et al., 2013;. Without housing security households are at risk of more frequent residential relocation Parkinson, 2010), housing affordability problems and housing stress associated with the escalating costs of maintaining adequate housing as they age (Yates & Bradbury, 2009), and potentially, premature admission to expensive residential aged care settings (Faulkner & Bennett, 2002). Housing security is broader than tenure outcomes alone A cross sectional design with a postal survey method was employed to capture recent and past events and outcomes that influenced current household and housing circumstances, and the housing security afforded the household. The self-administered questionnaire was piloted with a convenience sample of beneficiaries. The research site was Queensland, as it was the iii state with the most ex-service households residing in rental housing (Department of Veteran's Affairs, 2010).In the main study, a systematic random sample of DVA Total Beneficiaries data base of Queensland identified 3000 households for inclusion. One beneficiary from each household was invited to participate with a response rate of 25 per cent. A representative sample of 729 Queensland beneficiary households were analysed.Comparative analysis of the WWII and post WWII households reveals differences within the life domains of health, employment, income and relationships. These four life domains are heavily implicated in the attainment and maintenance of housing security Parkinson, 2010). The use of a purposively designed housing security scale to estimate the level of housing security afforded by housing circumstances provides the means of comparing between and within groups, service effects and other life domains.The majority of ex-service households are securely housed. This is demonstrated by their level of equity in their dwelling and land, and broader housing circumstances. Beneficiaries rate their circumstances as providing moderate to high housing security. While ranking of housing security is closely associated with the level of household equity in their housing, other factors intervene. A series of multiple regression analyses reveal which life course factors are significa...

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Band-aid or Panacea? The Role of Private Rental Support Programs in Addressing Access Problems in the Australian Housing Market

Cited by 6 publications

References 9 publications

Increase Government Support for Build-to-Rent: Should We Expect Affordable Housing?

Increase Government Support for Build-to-Rent: Should We Expect Affordable Housing?

Navigating a Changing Private Rental Sector: Opportunities and Challenges for Low-Income Renters

The housing security afforded by later life housing circumstances of ex-service households of Queensland: a life course perspective

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