Australia: ‘Gamechanger’: super fund billions touted as solution to housing crisis (YIKES!)
"As financiers, super funds would generate returns through regular repayments from the housing providers, which would retain ownership and landlord responsibilities.
The IFM’s head of global external relations, David Whiteley, said super funds had been looking to invest in residential housing for decades but, until now, the economics did not stack up.
“We’re just at the precipice now of being able to establish a new asset class for super funds and for super fund members,” Whiteley said.
He said the right policy settings could deliver returns to investors... YIKES!
https://www.theguardian.com/australia-news/2024/dec/19/australia-superannuation-funds-housing-crisis-ifm
Rusty Bertrand /
npub19y…e7w0s
2024-12-18 19:51:14
Author Public Key
npub19yp2k2cvu0pts9wh6c9k5e5srznjnduf0vhyjnl5flwshe9khx9q9e7w0sPublished at
2024-12-18 19:51:14Event JSON
{
"id": "6c720ba06ea651cec3ebac6cf3cba146fe15032cc0a073d1899b89f96fbaf012",
"pubkey": "2902ab2b0ce3c2b815d7d60b6a669018a729b7897b2e494ff44fdd0be4b6b98a",
"created_at": 1734551474,
"kind": 1,
"tags": [
[
"proxy",
"https://kolektiva.social/users/RustyBertrand/statuses/113675565464237669",
"activitypub"
]
],
"content": "Australia: ‘Gamechanger’: super fund billions touted as solution to housing crisis (YIKES!)\n\n\"As financiers, super funds would generate returns through regular repayments from the housing providers, which would retain ownership and landlord responsibilities.\n\nThe IFM’s head of global external relations, David Whiteley, said super funds had been looking to invest in residential housing for decades but, until now, the economics did not stack up.\n\n“We’re just at the precipice now of being able to establish a new asset class for super funds and for super fund members,” Whiteley said.\n\nHe said the right policy settings could deliver returns to investors... YIKES!\n\nhttps://www.theguardian.com/australia-news/2024/dec/19/australia-superannuation-funds-housing-crisis-ifm",
"sig": "b5a0cd8d1f4d052d9ee7c574b8615c5eddce7acf4fef93ed0360ecaef9db73ac34b428e50a3910266dc5ed024b31c653c08fe46c131146c1fd7fa8dc3f4bec22"
}