Investors with “good will” are a key piece to the puzzle if Australia is to solve its housing shortage problem for vulnerable people, a new report has found.
With almost 200,000 people on social housing waiting lists across the country, housing experts have found social impact investment would provide a lifeline to the nation’s most vulnerable groups.
Impact investing – when investors seek to make a positive impact while at the same time making a financial gain – can stack up, according to the report by the Australian Housing and Urban Research Institute (AHURI) and the Centre for Social Impact.
“Public housing stock just can’t cater to the [size of the] vulnerable low-income population anymore,” said professor Paul Flatau, study author and Director of the Centre for Social Impact at The University of Western Australia.
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