Building A Better Future
Amidst Australia’s rental crisis, Yourhome (Yourhome) stands in solidarity with community groups, charities, government agencies and all Australians facing financial insecurity.
Yourhome is resolute in its mission to be Australia’s leading provider of affordable private rental accommodation. Housing instability and subpar conditions compound emotional distress alongside financial strains for to many Australians.
Renters in the private market worry they will be forced to find and move to alternative accommodation. Many private renters expect to have to move soon, with less than one in three private renters expecting to stay in their current home for the next five years.
Recognising that many Australians rent out of necessity, Yourhome strives to provide stability against circumstances beyond their control. Empathising deeply with their hopes and concerns, Yourhome envisions a future where individuals not only find shelter but cherished homes where they can truly thrive.
Through affordable, dignified, and secure accommodations, Yourhome aims to rewrite their narrative, improving their quality of life.
Impact Investing
Our philosophy of ‘Impact Investing’ underscores our commitment to generating positive social and environmental change alongside financial gains. Through
Yourhome’s efforts, individuals and communities flourish, through our committed to generating long-term meaningful change.
Collaborative Approach
Yourhome is dedicated to a brighter future built on collaboration. Our aim is to create 2,000 high-quality micro apartments that redefine affordable housing. By prioritising enduring affordability, we bridge housing gaps, granting individuals the opportunity to not just survive, but thrive.
Housing Supply and Affordability Set to Worsen
Net overseas migration: 2022/23: +400k,
2023/24: +315k and following 2 years: +260k.
Weaker Melbourne pipeline
<2,800 beds expected to be delivered between 2024 and end of 2026, significantly below
historical six average (2,640 p.a.)
Record Rental
Strong rental growth in September 1 2023 leading to record rent prices
Alongside population growth there has been a dramatic rise in house prices leading to an housing affordability crisis. Particularly important for longer-term rental demand is that international migration has returned. There’s been a rapid recovery in immigration to 400,000 in 2022 compared to pre-Covid pace of 235,000 according to Westpac economics forecasts – the highest level for decades.
The October 2022 budget forecast net overseas migration rising by 235,000 both in 2022-23 and 2023-24 financial years. By March 2023 this forecast had increased to 350,000 and 300,000 respectively. However, data still suggests that what Treasury are assuming net migration to be, is significantly underestimated.
Population growth has returned post covid and driving demand for residential rental accommodation – which is proving to be a big driver and opportunity for investment into multifamily housing.
Undersupply of housing
Melbourne Inner City apartment construction not keeping up with demand
Affordability Crisis
Australian markets have a median house price to income multiple of 8.2x, up from 6.9x in 2019