Since the beginning of the Victorian period, there has been such a boom in population around the industrial areas of this country and indeed, the inner cities, that providing enough housing has been challenging. A challenge that has yet to be fully met. Every frew years there is a carrion cry for more social housing and successive governments have made half hearted efforts to appear to be doing something about it. On some housing developments, there are a handful of ‘affordable’ houses which are generally on a shared rent/mortgage basis. I’m not sure how this helps those at the lower end of the financial sector – if they have to pay market rates and market rent, then I can’t see why a special deal can’t be made for them to borrow enough to buy a good house in the beginning. Of course, all this house building should be good for builders and developers.
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