INVIDA is fixing the housing market mismatch

Name: INVIDA is fixing the housing market mismatch
Uploaded: 2023-01-30T05:03:11+00:00
Duration: 53 s
Channel: Ian Ugarte
Description: Ian Ugarte (speaker) explains a perceived mismatch in the Australian housing market: most new housing has been built for families while most new…

30 Jan 2023 · 1 min

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0:53

Ian Ugarte (speaker) explains a perceived mismatch in the Australian housing market: most new housing has been built for families while most new households are singles and couples, leaving a middle-market gap. He argues INVIDA is targeting that ‘middle of the marketplace’ (not social housing), which should relieve pressure on government social housing waiting lists and the bottom of the market.

Questions this video answers

"70 to 80, 90%" (speaker lists ranges: 70–80%, 90%).

70% (speaker: "70% of the new households were singles and couples").

Chapters

In the last 40 or 50 years the middle of the market or what we used to call the middle class, singles and couples have nowhere to go. They don't have any properties to go to. They're too expensive to rent and they're not around anyway. 70 to 80, 90% of the housing being built was built for families and 70% of the new households were singles and couples. Can you see that there's a little bit of a mismatch in the marketplace. So what ends up happening with that middle third is they end up on that housing waiting list for government housing and that government housing waiting list shouldn't be where they're sitting and the government is struggling to put more housing out. That's social housing. We're not social housing. We're actually fixing the middle of the marketplace and by doing that we're taking pressure off the government, we're taking pressure off the bottom of the market and everyone wins out of this.