Charities and the government want to deploy some of the $3.3 trillion in superannuation assets to social infrastructure such as housing. But roadblocks remain.
Australia’s $1 billion industry superannuation sector is working with the Albanese Government on the next steps for the Housing Accord announced during the Federal Budget but the challenge is to develop new investments that meet super fund’s primary obligation to invest for the best financial interest of members.
A new social and affordable housing program in Queensland is likely to be the blueprint for the Albanese government’s $10 billion Housing Australia Future Fund.
Qld government doubles Housing Investing Fund to $2bn realestatebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestatebusiness.com.au Daily Mail and Mail on Sunday newspapers.