Australia's government announced a ban on lending for residential properties within self-managed super funds, affecting approximately $62 billion in SMSF holdings as it targets leveraged competition for first-home buyers. The policy draws sharp pushback from property and lending sectors, who argue it undermines rental supply and retail investor wealth-building rather than addressing housing's fundamental supply shortage. Treasury expects a $50 million budget improvement, while investment capital is forecast to redirect toward commercial property, where SMSF holdings already total over $120 billion.
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