Reports from an Investigative Panel on facilitating institutional investment in Australia’s rental housing were published in March 2013. Click here for further details.
Funded by the Australian Housing & Urban Research Institute (AHURI) and convened by UNSW City Futures Associate Professor Vivienne Milligan, the Panel brought together experts from the financial sector, the housing industry and community agencies. Its brief was to advise government on how to encourage financial institutions (e.g. pension funds) to invest in rental housing development, especially at the affordable end of the market.
The Panel found that with strong government leadership and long-term commitment large scale institutional financing in rental housing is both desirable and feasible. A detailed strategy for the development of a new residential asset class was recommended.
In addressing the widely acknowledged need to diversify sources of rental investment finance beyond ‘mum and dad investors’, the Panel’s reports lie close to the cutting edge of current housing policy debates, both in Australia and internationally. Reflecting this, an international comparative paper drawing on the investigative panel report was presented by Hal Pawson and Vivienne Milligan at the recent Housing Studies Association conference. Click here to download the report. City Futures is also contributing to a follow-up RMIT university-led study on social housing guarantees also being funded by AHURI Ltd.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment