Keating: Institutional Funding Required To Solve Housing Supply
Former Australian Prime Minister Paul Keating told the Big Four banks that alternative funding solutions are needed to solve Australia’s affordability crisis.
Speaking at MaxCap Group’s Developers and Dealers Forum, Keating said the introduction of an institutional wedge would assist the industry in opening up supply and tackling increasing affordability issues.
He said there was a major need in Australia for increased housing supply and therefore a finance system to support developers in delivering it.
“We cannot persist with this position we are in where our children cannot afford to house themselves,” Mr Keating said.