In 2018, Victoria is the economic success story of Australia. Hundreds of thousands of new jobs have been created, labour market participation is at historic highs and the population continues to grow.
These successes mean that many Victorians are doing well. However, not every Victorian benefits equally. Those who have not seen their incomes grow in response to this success face greater competition than ever in securing housing. Competition for rental properties is fierce, with the beneficiaries of Victoria’s economic growth crowding out those left behind. The result is our current homelessness crisis.
Please note, this publication was published prior to CHP’s branding refresh in 2022.