‘Gamechanger’: super fund billions touted as solution to housing crisis
Institutional investors traditionally shy away from social housing because returns are too low but Labor initiative may change thatFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastIndustry super funds have pledged to invest billions of dollars in social and affordable housing in a proposal that could rejuvenate federal government plans to address a critical shortage exacerbated by cost-of-living pressures.Critically, the plan prepared by IFM Investors, a major institutional investor owned by a collective of industry super funds, relies on various reforms from state and federal authorities and calls for a doubling of Labor’s $10bn housing investment vehicle. Continue reading...
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Institutional investors traditionally shy away from social housing because returns are too low but Labor initiative may change that
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
Industry super funds have pledged to invest billions of dollars in social and affordable housing in a proposal that could rejuvenate federal government plans to address a critical shortage exacerbated by cost-of-living pressures.
Critically, the plan prepared by IFM Investors, a major institutional investor owned by a collective of industry super funds, relies on various reforms from state and federal authorities and calls for a doubling of Labor’s $10bn housing investment vehicle. Continue reading...
