1 00:00:00,360 --> 00:00:03,320 Speaker 1: Tenth of October today. There's a few international days that 2 00:00:03,400 --> 00:00:06,439 Speaker 1: fall on this day. One is World Homeless Day and 3 00:00:06,600 --> 00:00:09,080 Speaker 1: as a result of that, there's a call for property 4 00:00:09,119 --> 00:00:12,640 Speaker 1: developers being urged to turn empty buildings into short term 5 00:00:12,640 --> 00:00:17,720 Speaker 1: accommodation to help the growing number of homeless people in Australia. 6 00:00:17,760 --> 00:00:20,720 Speaker 1: The call has come from Link Wentworth. The chief customer 7 00:00:20,720 --> 00:00:24,080 Speaker 1: officer is Margaret Malkovich who joins me now, Margaret. 8 00:00:23,800 --> 00:00:26,120 Speaker 2: Good morning, Good morning, Matthew. 9 00:00:26,239 --> 00:00:28,800 Speaker 1: How does this work? How does turning empty buildings? So 10 00:00:28,960 --> 00:00:31,680 Speaker 1: presumably buildings a waiting development, is that right? 11 00:00:31,880 --> 00:00:36,600 Speaker 2: That's right? Yeah, absolutely, buildings awaiting development, development, application and 12 00:00:36,680 --> 00:00:39,720 Speaker 2: planning process can take a number of years. And while 13 00:00:39,720 --> 00:00:43,440 Speaker 2: they're awaiting development, they could simply be used as housing. 14 00:00:44,479 --> 00:00:48,560 Speaker 2: Now they've made the much needed shortfall of housing across 15 00:00:48,640 --> 00:00:49,440 Speaker 2: the spectrum. 16 00:00:49,479 --> 00:00:51,400 Speaker 1: That would come at a cost, wouldn't it. Because you 17 00:00:51,479 --> 00:00:54,160 Speaker 1: might have an old office building that isn't set up 18 00:00:54,320 --> 00:00:57,400 Speaker 1: for accommodation, doesn't have its own rooms, its own facilities 19 00:00:57,440 --> 00:01:01,680 Speaker 1: in terms of bathroom, showers, et cetera. Toy So is 20 00:01:01,720 --> 00:01:03,720 Speaker 1: there a cost involved in setting them up? And that's 21 00:01:03,720 --> 00:01:06,240 Speaker 1: where you could find a developer says too hard. 22 00:01:07,040 --> 00:01:09,960 Speaker 2: I think it's worth exploring. It's worth exploring some properties 23 00:01:10,000 --> 00:01:12,960 Speaker 2: will absolutely there could be a cost with some, there 24 00:01:12,959 --> 00:01:15,160 Speaker 2: could be minimal cost with others. So I really think 25 00:01:15,160 --> 00:01:17,959 Speaker 2: it's the case by case. We've certainly been able to 26 00:01:17,959 --> 00:01:22,319 Speaker 2: provide meanwhile, use for up to forty women in a 27 00:01:22,319 --> 00:01:26,000 Speaker 2: couple of properties that are a waiting redevelopment in the 28 00:01:26,040 --> 00:01:29,960 Speaker 2: Sydney area, and there was a minimal cost in terms 29 00:01:29,959 --> 00:01:32,680 Speaker 2: of transforming them to make them suitable. So yeah, that's 30 00:01:32,720 --> 00:01:36,320 Speaker 2: absolutely a consideration. But I would suggest if anyone has 31 00:01:36,360 --> 00:01:40,520 Speaker 2: properties available and they're not sure what to do with them, 32 00:01:40,600 --> 00:01:42,200 Speaker 2: or may it take a few years to go through 33 00:01:42,200 --> 00:01:45,199 Speaker 2: the development and financing process, have a think about whether 34 00:01:45,240 --> 00:01:48,560 Speaker 2: they can be used as housing and you can and 35 00:01:48,680 --> 00:01:51,960 Speaker 2: work through with experts in this space like us, who 36 00:01:52,040 --> 00:01:54,880 Speaker 2: can work out what's the cost, what's the benefit. I 37 00:01:54,920 --> 00:01:57,760 Speaker 2: will point out to developers there is some benefit like 38 00:01:58,840 --> 00:02:02,240 Speaker 2: some I think, less insurance, less risk of vandalism, etc. 39 00:02:03,040 --> 00:02:06,680 Speaker 2: But most importantly knowing that you're providing much needed housing 40 00:02:06,760 --> 00:02:08,400 Speaker 2: during a housing crisis. 41 00:02:08,680 --> 00:02:12,359 Speaker 1: Okay, so you're saying turning them into housing improves the 42 00:02:12,400 --> 00:02:14,399 Speaker 1: insurance risks, so the premiums come down. 43 00:02:14,520 --> 00:02:17,000 Speaker 2: There are things that are worth looking at I think 44 00:02:17,000 --> 00:02:19,839 Speaker 2: you know, and I would say to developers, consider it 45 00:02:20,280 --> 00:02:23,800 Speaker 2: and then work through, work through with experts like us, 46 00:02:23,840 --> 00:02:28,280 Speaker 2: whether your particular property is suitable for meanwhile use, What 47 00:02:28,440 --> 00:02:30,680 Speaker 2: is the cost, what is the benefit? And if the 48 00:02:30,720 --> 00:02:34,880 Speaker 2: cost is too high or the housing's not suitable, then nothing, 49 00:02:35,000 --> 00:02:38,800 Speaker 2: you know, nothing's eured, nothing gain, don't lose anything. But 50 00:02:38,840 --> 00:02:41,400 Speaker 2: we certainly have had some success. We've also had some 51 00:02:41,480 --> 00:02:45,799 Speaker 2: meanwhile use where people had single homes or two or 52 00:02:45,800 --> 00:02:48,840 Speaker 2: through three homes next to each other, planning to develop 53 00:02:48,880 --> 00:02:51,600 Speaker 2: them sometime in the future. That was sitting bacon and 54 00:02:51,639 --> 00:02:54,240 Speaker 2: we leased them to people, just simply leasing them as 55 00:02:54,280 --> 00:02:58,240 Speaker 2: affordable housing to families. So there's lots and lots of 56 00:02:58,280 --> 00:03:02,480 Speaker 2: different ways that available. Vacant homes that are not currently 57 00:03:02,520 --> 00:03:05,799 Speaker 2: being used while you're either planning to redevelop not sure 58 00:03:05,840 --> 00:03:07,280 Speaker 2: what to do with them, we can be used to 59 00:03:07,280 --> 00:03:10,200 Speaker 2: provide rental housing, and of course you need to assess 60 00:03:10,240 --> 00:03:11,720 Speaker 2: the cost, the risk, the benefit. 61 00:03:13,120 --> 00:03:15,120 Speaker 1: Somebody's making the very valid point, and I had this 62 00:03:15,200 --> 00:03:18,799 Speaker 1: on my list about speeding up the application approval process. 63 00:03:19,120 --> 00:03:21,880 Speaker 3: It takes years. As you said, what a joke? Is 64 00:03:21,919 --> 00:03:23,880 Speaker 3: that a problem? Here? Should we be looking at doing that? 65 00:03:23,960 --> 00:03:28,040 Speaker 2: Instead to create carel Yes, so I think, look, it's 66 00:03:28,080 --> 00:03:32,400 Speaker 2: a really complex issue, the housing crisis and homelessness, etc. 67 00:03:32,680 --> 00:03:35,119 Speaker 2: And there are many, many things that should be done 68 00:03:35,160 --> 00:03:37,200 Speaker 2: on lots of front and I know people are working 69 00:03:37,200 --> 00:03:41,360 Speaker 2: in that space. So I would, you know, absolutely encourage 70 00:03:41,400 --> 00:03:44,640 Speaker 2: looking at all those things. I'm speaking on behalf of 71 00:03:44,640 --> 00:03:47,680 Speaker 2: a community housing organization talking about some of the things 72 00:03:47,680 --> 00:03:49,600 Speaker 2: that we can do in that space, and I urge 73 00:03:50,040 --> 00:03:52,320 Speaker 2: the whole community to think about what can we do 74 00:03:52,440 --> 00:03:55,360 Speaker 2: to contribute to the solution to the housing crisis. 75 00:03:55,680 --> 00:03:58,880 Speaker 1: Ultimately, the people who have moved into these are there 76 00:03:58,920 --> 00:04:01,720 Speaker 1: temporarily because obviously the building is going to be developed 77 00:04:01,760 --> 00:04:04,040 Speaker 1: in the future that'll be that. So what happens to 78 00:04:04,080 --> 00:04:06,080 Speaker 1: them beyond that point? Do you look for new developments 79 00:04:06,080 --> 00:04:08,160 Speaker 1: for them to move in? Other words, are they going 80 00:04:08,200 --> 00:04:10,880 Speaker 1: to be in temporary accommodation forever or they trying to 81 00:04:10,920 --> 00:04:14,080 Speaker 1: find permanent homes they can move out rental accommodation. 82 00:04:14,360 --> 00:04:17,440 Speaker 2: Like any rental accommodation, it's for a period of time. 83 00:04:18,680 --> 00:04:22,400 Speaker 2: We've managed these properties for a number of years and 84 00:04:22,960 --> 00:04:25,919 Speaker 2: as a community housing provider, we also work with the 85 00:04:25,960 --> 00:04:30,640 Speaker 2: tenants to find longer term solutions. So we have these 86 00:04:30,680 --> 00:04:33,360 Speaker 2: two projects house women over fifty five, which is one 87 00:04:33,360 --> 00:04:37,800 Speaker 2: of the fastest growing demographics facing homelessness. All of them 88 00:04:37,800 --> 00:04:40,760 Speaker 2: have moved into longer term housing solutions. What meanwhile, use 89 00:04:40,880 --> 00:04:44,680 Speaker 2: is provided is for a period of time six months, 90 00:04:44,760 --> 00:04:49,760 Speaker 2: eighteen months, two years, affordable secure housing while we work 91 00:04:49,839 --> 00:04:52,599 Speaker 2: towards a longer term solution. And that's what happens in 92 00:04:52,640 --> 00:04:55,640 Speaker 2: the private market anyway. Housing to people may live in 93 00:04:55,640 --> 00:04:57,360 Speaker 2: a property for a couple of years, or they may 94 00:04:57,400 --> 00:04:59,800 Speaker 2: live there for twenty years. There is that sort of 95 00:05:00,320 --> 00:05:04,520 Speaker 2: turnover all right, and it gives people affordable housing for 96 00:05:04,560 --> 00:05:07,400 Speaker 2: a period of time. And look for developers like I say, 97 00:05:07,440 --> 00:05:09,919 Speaker 2: there's financial benefits, but I think the main benefit is 98 00:05:09,960 --> 00:05:14,080 Speaker 2: knowing that you're contributing to a housing solution during a 99 00:05:14,080 --> 00:05:18,400 Speaker 2: housing crisis in the Australian community. 100 00:05:18,440 --> 00:05:23,520 Speaker 1: Explore absolutely so link went was you as you said, 101 00:05:23,680 --> 00:05:26,479 Speaker 1: you can supply somebody who's thinking, well, that's not a 102 00:05:26,480 --> 00:05:27,760 Speaker 1: bad idea, I'd like to get involved. 103 00:05:27,800 --> 00:05:29,360 Speaker 3: You give them all the information they need. You have 104 00:05:29,400 --> 00:05:30,120 Speaker 3: a look at the property. 105 00:05:30,480 --> 00:05:33,280 Speaker 2: Absolutely yeah, that's how we did it. We didn't enter 106 00:05:33,279 --> 00:05:35,640 Speaker 2: it lightly. We looked at the properties, we looked at 107 00:05:35,640 --> 00:05:39,120 Speaker 2: what we needed. Are they suitable as rental accommodation, how 108 00:05:39,160 --> 00:05:41,520 Speaker 2: long will they be available? And then if it ticks 109 00:05:41,520 --> 00:05:44,480 Speaker 2: all the boxes for us, for our tenants, for the 110 00:05:44,720 --> 00:05:48,640 Speaker 2: developer and our partners, then we go ahead with the project. 111 00:05:49,240 --> 00:05:52,960 Speaker 2: And I think it's that blended expertise. Developers have got 112 00:05:52,960 --> 00:05:56,400 Speaker 2: certain expertise we have. We also work with partners who 113 00:05:56,520 --> 00:06:00,960 Speaker 2: support people, so together we come up with much better solution. 114 00:06:01,480 --> 00:06:03,520 Speaker 2: So I would encourage them to consider it, to talk 115 00:06:03,680 --> 00:06:08,159 Speaker 2: some experts. There's no commitment required and there may be 116 00:06:08,200 --> 00:06:11,760 Speaker 2: a benefit and if there is to all parties, you know, 117 00:06:11,800 --> 00:06:14,840 Speaker 2: this is something that can really contribute to a solution. 118 00:06:14,920 --> 00:06:18,520 Speaker 2: We know that there are you know, about a million 119 00:06:18,560 --> 00:06:21,720 Speaker 2: homes sitting vacant. You know some of them are you know, 120 00:06:21,800 --> 00:06:23,440 Speaker 2: SuDS as night, some of them people might be on 121 00:06:23,480 --> 00:06:25,440 Speaker 2: holidays or something like that. But some of those homes 122 00:06:25,440 --> 00:06:30,600 Speaker 2: are awaiting redevelopmental people. Yes, so if they're available, habitable 123 00:06:30,880 --> 00:06:35,080 Speaker 2: and worthwhile, it's worth exploring, Margaret, is part of a 124 00:06:35,320 --> 00:06:36,840 Speaker 2: contribution to a solution. 125 00:06:36,600 --> 00:06:38,440 Speaker 3: For your time this morning, really appreciate it. 126 00:06:38,880 --> 00:06:40,080 Speaker 2: Thank you very much, Matthew. 127 00:06:40,160 --> 00:06:44,960 Speaker 1: Margaret Malkovich, chief customer officer, Link Wentworth on calls for 128 00:06:45,000 --> 00:06:47,600 Speaker 1: developers to make use of vacant properties to help people 129 00:06:48,000 --> 00:06:49,040 Speaker 1: facing homelessness. 130 00:06:49,120 --> 00:06:50,120 Speaker 3: Not a bad idea,