Super funds are set to invest $41 billion in unlisted property over the next decade which could be used to address the predicted shortage of social and affordable housing if government and institutional investors can find a way to make it an attractive investment.
which allocates $350 million to deliver 10,000 extra affordable homes by mid-2029, with states and territories contributing funding or in-kind support for 10,000 more. “We just need a pathway for long-term investments,” said one of the report authors, Manish Rastogi. “And that can be achieved by government schemes and subsidies, whether they be rental, capital or subsidised land, and that will allow institutional investors to invest over the long term and earn a respectable return. And that’s the minimum they’re going to seek for providing private capital.“I think, being a nascent sector, a lot of that is still being worked out,” he said.
by 2041. Research done for the Community Housing industry Association showed almost 1 million households, many in Sydney and Melbourne, face housing stress or living in unsuitable accommodation over the next two decades unless there is more community housing.
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Source: FinancialReview - 🏆 2. / 90 Read more »