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Super Fund Ban Threatens Housing Boom | Australia News
Description
Housing builders are sounding the alarm as new government rules block self-managed super funds from borrowing to buy homes — a move that could cancel thousands of construction contracts and cost states nearly half a billion dollars in lost revenue. The policy, part of a deal to win Greens support on tax changes, is sparking industry outrage, with 67% of affected contracts at risk. While the government argues this won’t hurt housing supply since super fund members don’t live in the homes, builders demand a full impact assessment — warning of stalled construction and major budget hits for states.
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