SMSF loan ban should relent on new homes: Industry
Industry experts are urging the Australian government to reconsider a new ban on self-managed super fund (SMSF) loans for residential property. Critics argue the policy will negatively impact the construction of new homes and hinder government housing density goals.
Why it matters
The ban could disrupt the financing pipeline for new residential developments, potentially exacerbating housing supply issues in Australia.
It’s been just over a week since the government announced the unexpected decision to ban new self-managed super fund loans for residential property, and experts are calling for it to be somewhat walked back.
The article presents the industry's concerns regarding a government policy while acknowledging the government's fiscal rationale.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in