Governments have not been able to keep up with the growing need for infrastructure and affordable housing to keep pace with current demands. Immigration numbers are outstripping accommodation availability and more needs to be done to address the situation. With the number of homeless people growing at an alarming rate the Government has made a start in the right direction with the creation of a scheme to encourage developers to make affordable accommodation available in return for incentives by way of grants. If the expected target is met within the next few years it will mean affordable housing for many people who are currently homeless.
Rental accommodation through real estate Campbelltown agencies at times have higher rental fees than many people can afford. Every year it seems to be more difficult (especially for low income families) to keep a roof over their heads with inflation increasing at an alarming rate affecting every aspect of human needs. Governments have not been able to keep up with the demand for public housing in the past and because immigration has outstripped needed infrastructure this has made the situation an urgent one. People should not be living in cars or on the street in a civilized country like ours.
The end result of the acute housing shortage has been the creation of a government department to interact with housing developers in order to produce more affordable rentals for people in need. The National Rental Affordability Scheme works by creating incentives for developers when they agree to rent their developments at 20% under the going market rental making it more affordable for those on low incomes. Grants are given to those who agree to these terms thereby easing the situation somewhat. This form of property management Sydney has been timely and welcomed by those in need.
By offering developers incentives in the form of grants to develop affordable housing benefits will flow on to the community in the form of employment opportunities through the building of new infrastructure for new areas opening up. More housing brings new people, which means more shops, schools etc are needed and in turn this creates more employment. Established firms benefit by gaining new customers who become regulars buying their goods creating a circle of opportunity for all concerned. The expected and hoped for increase in available affordable homes should be around 100,000 within the next few years. Let us hope this target is reached.