Future Fund could do some heavy lifting at home
The Future Fund established in 2006 was established to meet the cost of public sector superannuation liabilities, however, it could also be used to help those battling rent stress. The Fund could be used to create an institutional market for residential investment that would provide assistance to the more than 600,000 households in rent stress and bolster the stock of affordable rental accommodation in Australia. The National Rental Affordability Scheme (NRAS) announced by federal government is a measure appropriately targeted at boosting the supply of affordable rental properties. However, the challenge for the scheme will be securing investors and credit, particularly given pressures on capital markets and the rather low yields from residential investments. read more.
Wed Oct 2008 11:10 (3 months ago)
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