Australian Retirement Trust and QIC have partnered to invest up to $150 million in social and affordable housing developments in Queensland, targeting the delivery of 1,200 new homes by 2025.

Information on the Target

The Australian Retirement Trust (ART), one of the largest superannuation funds in Australia, has established a partnership with institutional investment manager QIC to enhance the availability of social and affordable housing in Queensland. This collaboration aims to provide a sustainable and scalable approach to developing and financing new housing, leveraging the expertise of Brisbane Housing Company (BHC), a seasoned community housing provider.

Through this initiative, ART and QIC are set to deliver up to 1,200 new homes, focusing primarily on social and affordable housing solutions. Construction for all projects is expected to commence by 2025, with the first two sites identified in Redcliffe and Chermside, allowing residents to occupy their new homes as early as 2024.

Industry Overview in Queensland

Queensland's housing market has been facing significant challenges in recent years, driven by increasing demand and limited supply of affordable housing. The need for social housing has become increasingly critical as more residents struggle to find safe