POWERED BY MOMENTUM MEDIA
Tax credits the missing link in affordable housing crisis, economist says
Industry Super chief economist, Dr Stephen Anthony, has proposed that affordable housing tax credits could be the missing link in resolving Australia’s housing affordability crisis.
Anthony said the tax credits would allow institutional investors to write down or write off every dollar invested without impacting vital rate-of-return benchmarks upon which project viability often rests.
The national shortage of sub-market rentals and emergency housing is now 350,000, and in NSW and Victoria, 40 to 60 per cent of urban households are locked out of rental markets, he said.
Housing distress leads to homelessness, wage stagnation and welfare dependency - and the productivity loss levies an economic burden on all levels of government, Dr Anthony said.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
