Housing Industry Warns Super Fund Changes Will Abandon Thousands of New Homes

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

News Desk

Share
Published by
News Desk

Recent Posts

Missing Ministry of Works and Infrastructure Employee’s Body Found in Heights of Guanapo

HSRT search team at Heights of Guanapo where employees body was found.

5 hours ago

Two Years After Oreon Gomez Went Missing in Arima, His Mother Asks: Is This Now a Cold Case?

Two Years After Oreon Gomez Went Missing in Arima, His Mother Asks: Is This Now

5 hours ago

Trump Wants FIFA World Cup Back in United States After 2026 Success

President Trump calls for FIFA World Cup return to United States after 2026.

7 hours ago

BREAKING NEWS | 27 Bodies Recovered After MV Barima Tragedy Off Guyana Coast

Rescue teams search waters off Guyana after MV Barima capsizes, 27 dead.

9 hours ago

Jennifer Hudson Honors Global Unity with Stirring FIFA World Cup Anthem Performance

Jennifer Hudson performs the FIFA World Cup anthem in a stirring tribute to global unity.

9 hours ago

Father Alleges Son Was Abused at MP’s Office, Claims Police Inaction

A father publicly appeals for justice, alleging authorities have made little progress after his son's…

10 hours ago
Click to listen highlighted text!