Youth housing should be seen as essential economic infrastructure

COMMUNITY & SOCIAL HOUSING

YOUTH homelessness is costing Australia $25 billion each year, while investments in social and affordable housing for the cohort returns more than twice its value in benefits...

According to a new report from Housing All Australians, in collaboration with SGS Economics and Planning, every $1 invested in social and affordable housing for...

“We need a national housing strategy that views investment in youth housing as essential economic infrastructure. If we want to maximise the productivity of all...

“Policymakers are encouraged to pay close attention to the remarkable rates of return achieved from investing in social and affordable housing for young people...

The benefit cost ratio for each state and territory ranges from 1.94-3.34. With the benefits/cost savings to the Australian community are estimated at $7.3 billion in...

While the current value cost to taxpayers to fully eradicate youth homelessness over 30 years is estimated to be $4.5 billion.

Victoria would see the greatest cost benefits from eliminating youth homelessness over the next three decades, with a +$432 million in budget savings...

Followed by Queensland with +$240 million in savings, NSW with +$182 million, South Australia with +$160 million, the Northern Territory with +$123 million,...

“The findings of our Report provide valuable insights for policymakers, community leaders, and stakeholders and confirms that a targeted national housing strategy can...

“The financial benefits and savings accrued from solving youth homelessness are over $7.3 billion and are spread across many areas including health care, lower crime costs...

Victoria alone has seen a 24% overall increase to homelessness over the last five years and one in two areas experiencing growth of more than 20%...

With a report from last year showing 640,000 Australian households are not seeing their housing needs met, with the number of people already homeless...

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