Why superannuation should be risk free
Here's another reason why the superannuation system should not include risky investments. This particular one should never have been allowedv to even get off the ground and has contributed significantly to our current housing affordabilty disster.
SMSFs borrowing to buy property.
Scams are being revealed showing huge losses and banks are ceasing to lend to SMSFs because of the risks.
This should also apply to all SMSF investment restrictions, better still, put all investements into superannuation into a government controlled fund such as the Future Fund and remove all the $billions being lost or paid to banks and financial advisers.
Grateful, if Superannuation "has contributed significantly to our current housing affordabilty disster" and if "Scams are being revealed showing huge losses and banks are ceasing to lend to SMSFs because of the risks" then how long will it take before house prices drop?