SMSF borrowing ban risks undercutting government's housing supply target

Labor's deal with the Greens to ban self-managed super fund borrowing for residential property will restrict a major financing source for apartment buyers. Developers say SMSF-backed purchases account for up to 30 per cent of apartment demand in some markets. The tension is acute: the same policy package aims to accelerate housing supply while simultaneously cutting off a $28.9 billion lending mechanism that has historically sustained apartment pre-sales.