University of Sydney researchers modelled the housing market system, using two decades of public data, and tested its response under different climate scenarios, publishing their results in Cities.
They found climate change affected housing and rental affordability under both high and low-emission scenarios, but vulnerable households were worst-hit under a fossil-fuelled future…
“We cannot address the housing system by one blanket policy,” he said. Policies or interventions should prioritise and tailor support for renters on low incomes, and to address homelessness.
The federal budget’s investment in social housing for more than 4,000 young people was an example of a targeted measure, Naderpajouh said, but a “drastic increase” in social housing was needed.
…housing and tax changes in the budget showed the federal government was capable of acting on issues beyond one electoral cycle.
“We need them to take the same approach to climate change.”
Don’t let your local MPs forget, keep at them. The young and the elderly will be worst hit.
“Climate change” and fossil fuels have no impact on this lol. What affects housing prices is supply and demand, and the cost of money. When money is cheap, people spend more. When there are more people wanting to buy than people selling, prices go up.
Currently Australia is importing ~300k new permanent residents per year. These people need houses to live in. We’re not building 300k houses per year, let alone in the major cities where these people want to live. More demand, not enough supply.
Fossil fuels have zero to do with this.
I don’t know if you’ve read the whole article but the people doing the research are not just giving an opinion.