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The housing industry is demanding an urgent review of the government's changes to borrowing through self-managed super funds, warning that thousands of planned new homes will be abandoned and state budgets will suffer a $450 million hit. Industry leaders say the policy shift is undermining home-building projects across the country, with potential ripple effects on housing supply and affordability. The call comes as housing affordability remains a major political issue, with both major parties facing pressure to address the crisis. The government has not yet responded to the industry's demands, but the warning has sparked debate about the balance between financial regulation and housing development. Article and image source: theage.com.au
The housing industry is demanding an urgent review of the government’s changes to borrowing through self-managed super funds, warning that thousands of planned new homes will be abandoned and state budgets will suffer a $450 million hit. Industry leaders say the policy shift is undermining home-building projects across the country, with potential ripple effects on housing supply and affordability. The call comes as housing affordability remains a major political issue, with both major parties facing pressure to address the crisis. The government has not yet responded to the industry’s demands, but the warning has sparked debate about the balance between financial regulation and housing development.
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