Australia’s housing market disaster looms to an increase in homelessness

According to a survey, the number of homeless persons in Australia who live on streets or in automobiles has increased due to the housing crisis.

The report claims that during the same time period, the number of persons who are homeless has climbed by 50 percent

Despite making up only approximately 3 percent of the population overall, 57% of individuals who needed Mission Australia’s homeless services were women, and 27 percent were Indigenous.

The CPI increased by 7 percent in the one year leading up to March, down from 7.8 percent in the one year leading up to December, according to ABS statistics released in April.

In response to the findings, Treasurer Jim Chalmers stated that although Australia had passed the highest of the inflation crisis, cost-of-living pressures continued to be felt in this nation’s households.