The National Rental Affordability Scheme is drawing to a close, leaving tens of thousands of renters across Australia facing an uncertain future amid a cost of living crisis and a severe shortage of private rentals.
The National Rental Affordability Scheme set up by the Rudd government in 2008 is coming to an end, leaving tens of thousands of tenants in limbo.Advocates want the WA Government to dip into an expected massive budget surplus to keep the scheme or build new affordable rentals.
Bill Turner was connected to the NRAS after COVID brought his entertainment business to a screeching halt.For now, the 75-year-old is dipping into his savings to stay ahead on payments, but worries about what the next increase could do to his finances. "I'm pretty much out of the housing market now because I don't have a job anymore, and once you're out, you're out.Her NRAS support is coming to an end soon, but because her property is owned by a community housing provider, her rent will then be capped at a percentage of her income.About 3,200 properties remained on the NRAS in WA as of December, with about 42 per cent owned by community housing organisations.
Mr Wong said the number of people struggling to make ends meet in the rental market was growing, with the rising cost of living sending even working families who had never before needed help through the doors of housing and homelessness support services.
"It's probably the most pressing crisis that we've seen in terms of a social and public crisis that this state has faced," Mr Wong said.
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