SMSF curbs could hit 30pc of apartment buyers, developers say (opens original article in a new tab)

The ban on self-managed super funds borrowing to invest in residential property may reduce funding for 30% of apartment buyers, impacting new housing project development.

• The ban on SMSF borrowing for residential property investments could affect 30% of apartment buyers, according to developers.
• The federal Labor government's budget curbs on negative gearing and capital gains tax discount remove a key early-stage funding source for new housing projects.
• Industry figures indicate that SMSF funding is crucial for starting new construction projects.