"Climate Crisis Looms as Homelessness Set to Quadruple: Experts Warn of Devastating Consequences. A groundbreaking study from the University of Sydney has sounded the alarm on the devastating impact of climate change on Australia's housing affordability. Researchers warn that unless drastic measures are taken to cut emissions, rents are expected to skyrocket and homelessness is projected to quadruple within the next decade. The study highlights the complex interplay of factors driving housing prices and rents, including income levels, mortgage rates, insurance premiums, and available land. As the country grapples with the consequences of global warming, experts are urging policymakers to take immediate action to address the housing affordability crisis and reduce emissions to prevent a catastrophic outcome."
Rents will rise and homelessness quadruple in a decade unless serious steps to cut emissions are taken, University of Sydney researchers findFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGlobal heating could worsen housing affordability, push up rents and quadruple homelessness in a decade without fairer housing policies and action to reduce emissions, new research has found.Home prices and rents in Australia are influenced by a complex mix of factors, from incomes and mortgage rates to insurance premiums, available land and population. Continue reading...
