Four of Australia’s leading profit-to-member superannuation funds, alongside industry super fund–owned IFM Investors, have announced they are working together to deploy capital into the housing sector to generate long-term risk-adjusted returns to members and increase housing supply.

Cbus Super, CareSuper, Hostplus, Rest and IFM Investors collectively represent more than A$505 billion (US$330.6 billion) in funds under management, with a demonstrated capacity to invest at scale.

IFM Investors, Cbus Super, CareSuper, Hostplus and Rest are seeking to collectively partner with community housing providers to support an initial investment in social and affordable housing through the Commonwealth Government’s Housing Affordability Future Fund (HAFF), delivering on their commitments through the National Housing Accord.

The funds have been working closely together to explore opportunities to invest in social and affordable housing at scale to deliver appropriate lo