10-year strategy for affordable housing

29 December 2020

Imagine working full-time in hospitality, child care or nursing and then finding yourself on the brink of homelessness after being priced out of the rental market.

This can be the scary reality for Melburnians working in a wide range of industries who earn very low, low, or moderate incomes, especially in the wake of COVID-19.

There is a current shortfall of at least 5500 affordable rental homes in Melbourne. We are committed to turning this around so everyone has a safe and affordable place to live.

Our new Affordable Housing Strategy 2030 is an ambitious, evidence-based plan to deliver homes for people who need them most.

We are already working with partners to deliver affordable housing on Council-owned land and Melbourne’s first major build-to-rent project.

The strategy includes commitments to lease a Council-owned site to develop an affordable rental housing project, and that 25 per cent of all future residential development on Council-owned land should be affordable housing.

We welcome the Victorian Government’s $5.3 billion commitment to construct more than 12,000 new homes and will continue to advocate for a coordinated response, investment and systemic change.

Did you know

Independent analysis shows that for every $1 spent on affordable housing, more than $3 in community benefit would be created.

To find out more, visit Affordable housing.

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