Investors - NOVEMBER 28, 2022

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Cbus Super pledges $337m for affordable housing buildout in Australia

by Kali Persall

Cbus Super, one of Australia’s largest public offer industry superannuation funds with a focus on the building and construction industries, is planning to commit up to A$500 million ($337 million) throughout five years to support the construction of new social, affordable homes through the Housing Australia Future Fund (HAFF), as part of the National Housing Accord.

“Our commitment to the housing sector is part of our fund’s DNA,” said Wayne Swan, Cbus Super fund chair. “Cbus Super is a seasoned and long-term investor in the property sector, and we have supported developments right along the housing continuum. We believe that investing through the HAFF will meet the best financial interests of our members, particularly those members requiring a steady stream of income during retirement or as part of a more conservative accumulation product.”

Cbus Super has worked with the National Housing Finance and Investment Corp. (NHFIC) since 2018 to help develop finan

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