Labor should create a marketplace where infrastructure assets can be traded if it is serious about its proposed development of affordable housing, Mercer’s CEO says.
where infrastructure assets can be bought and sold if it wants to attract sufficient capital to fund the proposed development of affordable housing, says major superannuation fund Mercer.
At the same time, with $3.3 trillion in superannuation, there was ample capital available, Mr Bryant said. Mr Bryant said that another benefit of creating a liquid marketplace for the trading of social infrastructure assets would be a greater willingness of investors to accept a lower return in exchange for the ability to sell assets at short notice.
Mr Bryant, whose fund will oversee $65 billion of assets after the transfer of the BT personal and corporate super funds is complete, said that super funds could still be reluctant to finance the construction of housing because it was high risk.
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