1、THE ECONOMIC CASE FOR INVESTING IN SOCIAL&AFFORDABLE HOUSINGFinal report21 July 20232DisclaimerAll data shown in tables and charts are Oxford Economic Australias own data,except where otherwise stated and cited in footnotes,and are copyright BIS Oxford Economics Pty Ltd.This report is confidential t

2、o CFMEU and may not be published or distributed without prior written permission.The modelling and results presented here are based on information provided by third parties,upon which Oxford Economics Australia has relied in producing its report and forecasts in good faith.Any subsequent revision or

3、 update of those data will affect the assessments and projections shown.To discuss the report further please contact:Emily DabbsHead of Macroeconomic Consulting,ANZLevel 6,95 Pitt St Sydney,Sydney,2000,NSWTel:+61 2 8458 4202EXECUTIVE SUMMARY4KEY FINDINGSThere is an estimated gap of 750,700 social an

4、d affordable dwellings in 2023.This includes a gap of 190,900 social dwellings and 559,800 affordable dwellings.The total gap has grown by 114,000(18%)since 2014 and is expected to grow by another 196,200(26%)by 2041.Unmet demand for social and affordable housing is estimated to have increased from

5、5.6%of total households in 2008 to 7.3%in 2023 Closing the housing gap could have significant benefits for the Australian economy.Increased social and affordable housing supply is estimated to lower rental prices and have a limited impact on property prices.The impact of lower rents and prices to in

6、flation is marginal with no meaningful change by 2041.There are additional benefits of closing the housing gap including reduction in homelessness,improved productivity,economic growth and better health outcomes.Current government policies are not enough to close the housing gap.Australias state and