Emphasized Their Concern On Youth Adults †Myassignmenthelp.Com

Questions: How Does People Experiencing Homelessness Demonstrate The Events That Led To The Issue Of Homelessness And How Such Factors Impact The Educational And Professional Lives Of The Individuals? What Correlations Or Trends Can Be Identified In Context With The Homelessness In Australia? What Is The Evidence Of The Promising Practices In Supported Affordable Housing, Such As Role Of Government, Institutes And Other Regulatory Bodies? What Are The Future Implications If The Issue Of Homeless Does Not Get Resolved At Increased With A Continuous Rate? Answers: Introduction Homelessness is an obstinate issue in number of affluent nations and it impacts almost individuals of all the ages though most of the research and literature has emphasized their concern on the youth adults. One of the key reasons behind the cause of increasing homelessness in Australia is the increasing prices of real estates. The tremendous developments in the housing market of Australia are the most significant characteristic of the present economic issue of homelessness in the country. In maximum of the OECD nations, the general upsurge in the real estate prices since the period of mid 1980s (Chamberlain, Johnson and Robinson, 2014), Huge corrections in the real estate prices in numerous nations have declined the consumption and wealth as well as it has also negatively impacted the residential investments. In the present time, the core concern is the stress related to housing which is primarily experienced by the low level income households but research and analysis also shows th at the moderate income households are also getting affecting much in current phase which is posing extreme challenges for the old age people as well as for the young adults (Flatau, et al., 2013). The paper is formulated to highlight the issues and challenges of Homelessness in the housing market of Australia due to increasing prices of the real estate. The paper will demonstrate the issue by taking insights from vast available literature and authenticated sources. Research Motivations The primary motivation factor behind this research and for developing this paper on the cause of Homelessness in Australia is that as from the perspective of young people it is one of the most significant issue with which the young individuals have to deal with. It is difficult for the people to search for rental houses which can be affordable and thus it results in increased homelessness for the young one. One more motivating factor for undertaking this research is the understanding the role of various bodies and regulating institutes and their role in sustaining the challenge of Homelessness in Australia (Thompson, 2007). Literature review There is a vast availability of literature on one of the most dominant issues which is deteriorating the growth and social development of the societies and individuals i.e. Homelessness. According to, Homelessness can be understand as a state in which the individuals do not possess a permanent dwelling that includes a place to reside such as an apartment or a house. The issue of homelessness explains the inability of the individuals in acquiring and maintaining a permanent, adequate, secure and safe housing. But from the aspect of countries it differs at is based upon several factors that are different in different countries (Wood, et al., 2014). It also comprises of the individuals who do not have primarily the night-time residence which is regarded as homeless shelter because of several reasons. The literature mentions a number of reasons that are the primary factors behind the issue of homelessness in Australia. The home ownership level in Australia keeps on declining in last few decades that indicates that the proportion of the households that were owned is have been squat due to the continuously increased prices of the real estate. It is a vital issue which have been thoroughly discussed by the researchers in their specific appears (Bullen, 2010). The most sudden increase in the prices of real estate has been observed primarily in Melbourne and Sydney but it is impacting the entire country in a negative manner. It has been identified that the average prices of the Australian houses are around 4 to 5 times higher in comparison with the annual household earnings on an average basis (Andrews, Snchez and Johansson, 2011). And this is one of the significant factors that reflect the affordability issue in Australia. A total of around more than 105,000 individuals were recognized as homeless according to the census in 2011 which shows a high increase in comparison with that of 89,000 in the year 2006. But these mentioned figures are just a data which does not reflects the actual number of individuals who area affected by the challenges of homelessness in Australia. In the year 2013-2014, it is identified by the Australian Institute of Health and Welfare seeks help from the institutes or organisations that offer specialist homeless se rvices as well as total of 423 other requests for the same services were not be accomplished to met which illustrates the total funding is inadequate for meeting the needs of the individuals that results in homelessness in Australia (Andrews, Snchez and Johansson, 2011). As homelessness is considered as one of the most stern impacts and challenge of housing failure, the housing supply shortfall in Australia is leading to negatively impacting the overall productivity of the country (Rota?Bartelink and Lipmann, 2007). There are reasons which are leading to the increased prices of real estates and also act as the barricade in the effective workforce participation such as the distorted investment decisions and the policies related to housing. As per the researches, there has been analysed a sudden decrease in the total investments made in social housing in terms of dollars. In the time frame from 1991 to 2001, the total funding for social housing was dropped down by twenty five percent and the fall was continued with an upsurge rate of an overall decline of ten percent in the time period from 2003 to 2013 (Andrews, Snchez and Johansson, 2011). All such declines in the percentages of housing investments has resulted in housing inflation that consequences in homelessness in Australia. There is a need that Australia must built more number of dwellings as well as at an affordable prices so that the present as well as the projected needs can be met in an effective manner with resolution of the issue of homelessness. If there will be an estimated growth of the dwellings of a total of 150,000 for the next twenty years than the country can be free from the issues and challenges of homelessness and affordability housing issues as well as then can turn into a more productive and developed economical conditions of the nation (Batterham, Hollows and Kolar, 2011). There are various levels of government, an institutional and regulatory body which passes on the issues of homelessness to each other and blame others for the increasing tension of homelessness in Australia. But, to effectively manage such issues there are few bodies which are working extremely efficient so that such challenge does not deteriorate human lives and the economical conditions of the country (Johnson and Chamberlain, 2008). Few of the governing bodies comprises of ACOSS i.e. Australian Council of Social Service which is the key body for regulating and managing the wealth sector and the community services. It works as the national voice for the individuals and their needs that are suffering from those challenges occurred due to inequalities and poverty. The key vision of the institutional body is to have a sustainable, inclusive and fair Australia where all the people as well as the communities can be benefitted from the economic and social life of the nations (Zufferey, 2 008). The other vital institutional bodies presented in the literature comprises of Community Housing Federation of Australia, Homelessness Australia, National Association for Tenants Organisations and the National Shelter. All these bodied plays a vital role in maintaining the prices of the real estate, development of dwellings and offering affordable housing to masses so that the issue of homelessness can be managed (Parsell and Marston, 2012). The data gathered from the research work of several authors, it ahs been analyzed that Australia is at peak in the issue of homelessness in comparison with other OECD countries. It demonstrates that there is highest increase in the retail prices and the transaction cost related to housing in Australia and this is regarded as the major cause of increased and extended issue of homelessness in the nation (Farrugia, 2011). A shortage in the affordable housing is totting up the statistics of the homeless individuals facing the issue of homelessness in Australia and emphasizing them to accommodate themselves on the suburban fringes areas of Australia. These areas are not fully developed and have fewer services, amenities and job availability that make the individuals suffer from number of factors and this also results in decreased productivity and increased unemployment in the nations. Thus, a single issue of homelessness gives rise to a series of problems and challenges for the nations wh ich are regarded as deteriorating factors for the success and growth of the country in several aspects (McArthur, et al., 2016). In the last ten years, the average weekly rent in the regions of Melbourne, Australia have upsurge by forty six percent which is approximately the twice of the percentage of inflation. And the total percentage of affordable housing in a similar time frame has declined from twenty seven to eight percent only. This demonstrates a sudden decline in the purchasing or spending power of the masses in terms of housing which ultimately results in the occurrence of the issue of homelessness in Australia (Herault and Johnson, 2016). There are several reasons of increased prices of the real estate and housing such as the three factors comprises of increase in the population, negative gearing and the sudden decline in the social housing offered by the Government. All such factors when combines results in failure of rental assistance as well as issue of homelessness in Australia. There is no point in questioning on that the increasing number of the rough sleepers on the streets of Melbourne is th e result of declined in the percentage of affordable housing. The literature explains that the percentage of people found at the Melbourne streets as rough sleepers were because of the reasons such as mental health issues or from the result of consumption of alcohol or drugs but now the reason is changed and evident i.e. un-affordability due to increased real estate prices (Flatau, et al., 2010). In the literature, the authors and the researchers have also summarized number of recommendation which can help the country in overcoming the issue of homelessness in Australia. The first and the primary recommendation as per the views of the authors is continuous innovations in the mortgage markets so that it can coupled with adequate banking regulations and regulatory frameworks. The mortgage innovations and the financial liberalization will enhance the accessibility of the individuals to have credits and achieve lowered cost of housing finance. It will result in several positive implications which will offer a path to attain affordability housing to the masses (McDonald, 2014). To overcome and sustain the challenge of housing, researchers also analyze land contributions and property transfers as an opportunity in this field. The transferring of ownership of the public housing to community housing providers from the state governments will help in enhancing the number of dwellings w hich can be available at lower prices to masses that require the same. As well as, there can also be taken benefits if the underutilized lands can be used for the purpose of solving the issue of homelessness in Australia through new housing supply (Metraux and Tseng, 2017). The next recommendation as mentioned by the authors is reforming the housing tax concessions which can play a vital role in managing the issue of affordable housing in Australia. If in the Federal capital gain tax, there is exemption of the owner-occupied housing that explains that if the owner of the house sells it for more amount than the actual paid amount then there will be applicable no tax over that gain. As well as the owner-occupied housing will also get exemption in the state land tax then it will help in encouraging the individuals to spend the amount saved from taxes for borrowing or spending on their personal housing. This will help the domestic individuals to become the landlords of their houses (Johnson, Parkinson and Parsell, 2012). Whereas, on the other and if such conditions does not place then it will result in increased issues of homelessness and affordable housing in Australia due to increased prices of real estate and housing inflation. As well as there are sever al other recommendations too which have been highlighted by the authors for improving the situation of homelessness and issues of affordable housing such as special tax discounts on cap[ital gains, interest bearing deposits, shares and rental housing; increased investments in the innovative affordable housing schemes, innovative finance models, land and building regulations, urban planning, Commonwealth Rent assistance and through the initiatives of several other authorities and institutional bodies mentioned above in the report (Minnery and Greenhalgh, 2007). Conclusion The paper has offered some of the insights and analysis of vast literature presented for the issue of homelessness in Australia due to increased prices of real estate. It calls for having a bettering understanding of the various factors that leads to homelessness in Australia and the associated aspects of the same. Affordable housing is a severe and crucial issue for Australia which is one of the most recognized factor for several other issues and challenges in the country such as decreased overall productivity, economic development, crime rate, etc. Thus, it can be concluded that to have an eradication of the issue of homelessness, the Government of Australia as well as the concerning bodies ,must take some effective steps in terms of tax discounts, effective housing policies, built dwellings, increased investments in housing, innovative mortgage and investments ways and various other steps. It has also concluded that there is a vital need for transferring of ownership of the public housing to community housing providers from the state governments will help in enhancing the number of dwellings and reducing the issues of homelessness. 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