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Annual growth rates – social housing stock and population, 2011-2020

COVID-19Housing & homelessness

For most of the 2010s population growth has run at more than three times the level of social housing expansion.

The first year in this sequence reflects the extraordinary impact of the  national Social Housing Initiative (KPMG 2012). Launched in 2009 to counter the Global Financial Crisis, this four-year stimulus investment program represents the only significant addition to the social housing stock of the past 25 years. Across the last decade, however, Australia’s population grew by 16% whereas – even with 2010 as the base year – social housing expanded by only 7%. In the second half of the 2010s population growth outstripped social housing growth more than threefold – 7% versus 2%. Similarly, in every year from 2012 onwards, much faster growth in population than in social housing stock meant that the ratio of the former to the latter continued to grow. This was true even in 2020 when population growth was unusually depressed due to the pandemic, but when social housing stock actually diminished.

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