Affordable Housing Investment and Management: A risk assessment process of investment life cycle

摘要

The housing boom, resources boom, and high demand have leveraged housing prices in Australia. Limited land supply, statutory and infrastructure charges, and development assessment processes have been identified by the Property Council of Australia as the main cause of worsening housing affordability in Australia. Without government intervention, market mechanisms are not working for affordable housing investment.ududThe main source of information is interview results of housing stakeholders, representative of government, private sector and not for profit organisation. This paper reviews the uncertainty or risk related to affordable housing investment through the supply life cycle process. The supply life cycle process started with ideas, planning and analysis (feasibility), making it happen and making it work (property, asset and portfolio management).ududThis paper also investigates challenges for implementation of affordable housing investment which require stakeholder partnership arrangement. In conclusion, the research suggests many forms of collaborative or partnership arrangements among stakeholders are required to attract more affordable housing investment.