Australia’s superannuation industry manages around $3.7 trillion on behalf of members.
By 2050, total funds managed by Australian superannuation funds is expected to reach around 200 per cent of national GDP.
Yet only a tiny percentage of superannuation funds are directly invested in residential housing construction.
The superannuation industry holds a significant position in the national economic and investment landscape, with the potential to transform housing supply.
A modest annual investment in housing supply equivalent to say half of one per cent i.e. $18.5 billion would generate significant funding capacity for new housing construction and align with interests among many superannuants who wish to see an increase in housing supply.
We ask the question: should home buyers be able to utilize superannuation for deposits on dwellings?
Founder and Executive Chairman Brian Haratsis will be discussing this and other Big Ideas at some upcoming industry events in May 2024.
Find out more here.