Industry groups raise concerns over SMSF property lending restrictions - The Indian Sun

SMSF investors face property crackdown

A major super shake-up could stop SMSFs from buying residential properties with borrowed money, sparking a fierce debate over housing affordability and retirement savings. The Australian government is backing a Greens' policy to put a stop on self-managed superannuation funds (SMSFs) from purchasing residential properties with any capital assistance, arguing the sector is currently gating nearly two million properties from first homebuyers. What…

Greens, Labor agree on LRBA ban on SMSFs

The Australian government is backing the Greens' policy to put a stop on self-managed superannuation funds (SMSFs) from purchasing residential properties with any capital assistance, arguing the sector is currently gating nearly two million properties from first homebuyers. The Greens said it is supporting the amendment to ban SMSFs from accessing limited resources borrowing arrangements (LRBAs) with residential properties and aims to pass the b…

Industry groups raise concerns over SMSF property lending restrictions - The Indian Sun

Property industry groups have raised concerns about proposed changes to self-managed super fund (SMSF) lending for residential property, arguing the measure could limit retirement investment options while doing little to address housing affordability. The comments follow the Federal Government’s announcement of reforms that would prevent SMSFs from borrowing to invest in residential property as part of a broader housing package. Property Investm…

Grandfather existing LRBAs says SMSF Association

The SMSF Association has expressed disappointment that self-managed superannuation funds have been disadvantaged by horse-trading between the Government and the Greens over the Budget Capital Gains Tax measures. Further, the association wants existing Limited Recourse Borrowing Arrangements (LRBA) grandfathered. SMSF Association chief executive, Peter Burgess said the Government’s concession to the Greens which will have the effect of banning SM…