Housing industry urges Government to keep SMSF finance flowing to new homes
The housing industry wants the government to keep SMSF borrowing for new home construction while the impact of any restrictions is assessed. They argue cutting this finance option could hurt housing supply.
Will SMSF borrowing restrictions reduce demand for new home builds in Australia?
Builders and developers could see fewer clients able to fund new home construction, reducing demand and project pipelines for tradespeople across the industry.
Key takeaways
- Housing industry is urging the government to preserve SMSF borrowing rights for new home construction.
- New borrowing restrictions on SMSFs could reduce a key funding source for residential building projects.
- Industry wants an impact assessment completed before any changes to SMSF lending rules take effect.
- Reduced SMSF investment in new homes could shrink the pipeline of work for builders and tradies.
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