Post by Australian Finance Industry Association

AFIA has today published a joint industry statement with non-bank residential mortgage lenders addressing the proposed ban on SMSF residential lending.    The statement warns the measure risks disadvantaging working Australians, limiting retirement savings options and undermining a small, well-regulated segment of the market, without meaningfully improving housing affordability.    AFIA will continue to work constructively with Government and industry to ensure reforms support a competitive, resilient lending market and long-term housing outcomes. Bluestone Home Loans | ColCap Financial Group | Firstmac | Liberty | Pepper Money ANZ | RedZed | Resimac | Thinktank