Australia could start beating the recession immediately by investing in social housing construction, with more than 12,500 new affordable homes ready to be built across the country if a Federal stimulus package included in the October 6 budget, new data released today reveals.

The survey by the Community Housing Industry Association (CHIA) shows not for profit housing providers have shovel ready projects that would deliver 12,500 new homes and almost 7000 jobs within the next five years.
More 6,000 new homes could begin construction within the next 6 months if they are supported by Federal Government investment.

Full media release here

Survey here