How we participated in Queensland Housing Summit
26 October 2022
5
min read
Australian Retirement Trust welcomed the opportunity for Chief Executive Officer Bernard Reilly to participate in the Queensland Housing Summit in Brisbane on 20 October 2022.
About Australian Retirement Trust
Australian Retirement Trust was created through the merger of QSuper with Sunsuper to form one of
Australia's largest super funds taking care of over $200 billion in retirement savings for more than two million
members. As a fund that works for members, not shareholders, we work in members' best
interests and commit to returning profits to them as lower fees and better services.
“As a large investor with more than two million members across Australia, [the summit] was a great opportunity for
us to participate in the discussion around ways to tackle the housing pressures being experienced around
the country,” said Mr Reilly.
“We recognise that secure and affordable housing is one of the most significant contributors to the financial
wellbeing of our members throughout their working lives up to, and through retirement.”
Key players committed to housing solutions
Australian Retirement Trust welcomed the Queensland Government’s announcement at the summit of an extra
$1 billion investment in the Housing Investment Fund. Similarly we also fully support the Government’s 2022 Housing Accord, announced in the Federal Budget on 25 October.
“Housing is a complex issue that requires a coordinated policy response from all levels of government as
well as the private and community sector, and the Queensland Housing Summit is a strong sign of
commitment towards affordable housing solutions,” said Mr Reilly.
Institutional investors and the private sector have a role to play in carefully examining where there are opportunities for investment, or barriers that we can help to clear.
“We are actively looking to participate in these opportunities across Australia where they represent appropriate
risk-adjusted returns. Through collaborative forums, like the summit, we’re collectively taking crucial steps
in the right direction.”
Partnership to help deliver 1,200 new homes
Earlier this year Australian Retirement Trust committed to finance new social and affordable housing supply in Queensland in partnership with Queensland Investment Corporation (QIC). While the deal is subject to finalisation, we plan to invest up to $150 million for a subordinated debt tranche, with QIC as investment manager. Up to 1,200 new homes are to be delivered through the partnership, largely consisting of social and affordable housing.
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