The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 26 June.
Government agrees to ban future LRBAs for resi
The government has agreed to prohibit new SMSF residential borrowing after striking a deal with the Greens to pass its tax overhaul.
Broking industry lashes SMSF property borrowing ban
Industry associations and brokers have criticised the federal government’s move to outlaw new SMSF residential borrowing arrangements.
SMSF resi ban ‘a grenade’, warn brokers
Brokers have said the ban on new residential borrowing has significantly impacted pipelines, unsettled trustees, and raised fresh questions about who benefits from the reform.
Clearance rates slump to lowest level since 2020
Australia’s capital city auction market has slipped to its weakest preliminary result in years, as vendors shy away from testing a jittery housing market under the hammer.
Property market thrown into chaos ahead of SMSF ban
The recent SMSF lending changes could have negative consequences across the property sector, with buyer’s agencies caught in the crossfire.
New builds, high yields offer bright spots in smaller capitals
As more buyers choose to wait on the sidelines due to rate rises and tax reforms, those in the smaller capitals can look to alternative property types and specific price points for golden opportunities.
Half-million-dollar resale gains propel national profits to record levels
National resale profitability reached its highest level in more than two decades, with mid-tier capitals leading the pack, fuelled by population growth, tight supply, and strong demand.
Investors warned against ‘knee-jerk’ portfolio reaction
Despite the proposed reforms to negative gearing and CGT, a seasoned investor has warned consumers to fight fear and uncertainty while holding firm to their property strategies.
[Related: Hot Property: The biggest property headlines from the week 15–19 June]
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