On the one year anniversary of the release of Victoria’s Housing Statement, CHP has released our inaugural Housing Insecurity Index. The Index brings together the latest available data on rent prices, the public housing waiting list, access to specialist homelessness services, housing stress and social housing stock to present a clearer picture of housing affordability.
The 2024 Index finds the key indicators of housing insecurity have worsened in the 12 months since the announcement of the Housing Statement. Rents are continuing to grow at unsustainable rates alongside a stagnation in the proportion of public housing available in Victoria.
As a result, CHP recommends three clear responses from the government:
1. Amend the Housing Statement;
2. Commit to building at least 6000 public and community dwellings each year for a decade; and
3. Increase funding for under-pressure homelessness services.