Last month’s federal budget announced a “new housing accord” that would aspire to “build one million new, well-located homes over five years from 2024”.
According to The Australian, industry super giant Cbus has committed half a billion dollars to support the Albanese Government’s Housing Australia Future Fund, which Wayne Swan, chairman of CBUS, said would help deal with the country’s “diabolical” affordability issues:
In a major win for Jim Chalmers following his inaugural investor roundtable in Sydney on Friday, Mr Swan said “our common purpose today is to meet our obligations for appropriate risk-adjusted returns for members, but we should also bear in mind that our members are many of the same people who are struggling in the housing market”.
