This is the best summary I could come up with:

Despite the expert consensus that we need more stock, as well as the announcement of new money and projects across the country, social housing wait lists have stretched out to more than a decade in some areas.

It's still reduced compared to the market, but is less beneficial to the tenants," says Michael Fotheringham, managing director of the Australian Housing and Urban Research Institute.

He says the main reason Australia has a shortage of social and affordable housing is chronic underinvestment by governments of all levels and political persuasion over decades.

A Swinburne University study from 2022 projected costs could exceed $1 billion annually by 2036 due to spending on homeless, health and justice services if the supply of social and affordable housing wasn't "significantly improved".

"Most people in the industry would now agree it was a big mistake to build very large public housing estates especially on the edges of cities where there wasn't good access to jobs and services.

While there's no silver bullet for the crisis, expanding the supply of social and affordable housing will be a key component of any fix, Professor Pawson says.

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