We continue to see the need for more affordable and social housing in Australia.

As part of Woodbridge Capital's ESG strategy, we continue to see the need for more affordable and social housing in Australia.

Innovative solutions are required to solve this issue. For example, the Queensland Government recently established the Housing Investment Fund, which has allocated $2 billion across 5,600 social and affordable home commencements by 2027. Partnering with private developers (privately owned land) under an innovative public-private partnership model, the Queensland Government provides an operating subsidy for social and/or affordable housing occupied by eligible tenants. This involves a discounted rent subsided by the Queensland Government.

Private and institutional capital understand this investment opportunity which will generate several positive social benefits including:

- An opportunity to meaningfully address the undersupply issue.

- The creation of local communities and the security of a home for renters. This helps renters feel an increased sense of safety, wellbeing and belonging.

- Provision of greater delivery of key worker accommodation in proximity to jobs

- Construction and related industries job creation