Changing Tides: The Government’s New Approach to Affordable Housing

The Elephant In The Room Property Podcast | Inside Australian Real Estate

After decades of neglect and dwindling investments in public housing, it appears that governments worldwide are finally recognising the urgent need to bolster social housing and incorporate low-cost accommodations in new developments. But what transformations are occurring in this critical space, and can we truly say that governments have already learned from past mistakes in the face of the ongoing rental crisis? Furthermore, what's the timeline for these policy changes to make a real impact?

In today's episode, we jump right into the heart of the affordable housing crisis and the resurgence of social housing initiatives. Our guest, Michele Adair — CEO at the Housing Trust, an organisation dedicated to constructing and managing affordable rental housing for individuals with very low to moderate incomes. With an extensive portfolio of over 1,200 homes and ambitious plans for another 200, Michele offers invaluable insights into the world of affordable housing.

As we dissect the evolving landscape of social housing and government commitments, we inquire about Michele's sentiments regarding the current climate. Does she see genuine reason for optimism amid the housing crisis?

Tune in to explore the pressing issue of housing inequality and discover how individuals like Michele Adair are forging change, and propelling us toward a future where housing is not a luxury but a fundamental right.

Episode Highlights:

00:00 - Introduction

01:04 - Who is Michele Adair?

01:41 - Is the current changing landscape of social housing supposed to fill us with hope?

07:53 - Michele's update on Tasmania's rental market and short-term accommodations

12:11 - The impact of short-term rental platforms on the long-term rental market

17:49 - Discussing government initiatives, including the Housing Australia Future Fund

20:58 - Evaluation of the ambitious target to build 1.2 million homes over five years

23:47 - Increasing low-income housing in redevelopment: Is it a real change?

27:41 - Michele discusses innovative solutions for housing and taxation

30:45 - Vacant properties in Australia and potential solutions

33:45 - What affordable housing solutions are currently open in Australia?

40:19 - The importance of density and creative solutions

45:49 - Michele Adair’s property dumbo

About Our Guest:

Michele Adair is the CEO of Housing Trust in Wollongong, a company dedicated to building and managing affordable rental housing. With a portfolio of 1,200 homes and plans for 200 more, the company is valued at over $250 million. Michele also serves as the inaugural Chair of Homes Tasmania, tasked with creating 10,000 social and affordable homes in 10 years. Her extensive career includes leadership roles in various organisations, such as the Community Housing Industry Association of NSW and Cystic Fibrosis NSW. Beyond her professional accomplishments, Michele is a mother, grandmother, and avid golfer, known for her effective advocacy and contributions to policy reforms in affordable housing, health, and gender equity. She's been recognised with awards such as the Illawarra's Outstanding Business Leader of the Year in 2021 and the UDIA National Women in Leadership Award for Excellence in 2023.

Connect with Michele Adair:

• Follow Michele on LinkedIn: https://www.linkedin.com/in/michele-adair/

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