Super funds won’t invest in affordable housing without taxpayer cash

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 90%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The industry super lobby says governments need to provide financial incentives to make the lower returns from affordable housing investments worthwhile.

Influential players in the super sector will head to Sydney on Friday for Treasurer Jim Chalmers’ first investor roundtable, which will discuss barriers to institutional investment in housing.

This includes inconsistent state taxes, lack of affordable housing targets, the absence of ongoing and reliable government funding, reputation risk, and constant changes in government policy. ISA, which represents 11 industry superannuation funds, says governments should step in with financial incentives like tax credits to improve long-term returns for investors and bridge the gap between market rents and affordable rents.One-off tax concessions to developers, public sector guarantees over a portion of pre-sales, and streamlined planning processes should also be considered to stimulate the broader build-to-rent market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🤦🏻‍♂️

investing in public housing is a money loser The tenants are vandals and they r always late The rent is super cheap $95/wk yet they can not afford it

No the government needs to build dense public housing

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia needs a super profits tax – on banks | Satyajit DasIt’s not just energy companies that should be forced to pay back windfall gains to taxpayers
Source: GuardianAus - 🏆 1. / 98 Read more »