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ABC’s The Business last night ran a segment examining the Self-Managed Superannuation Fund (SMSF) sector’s exposure to property leverage, and fears that SMSFs could be left “dangerously exposed” as mortgage rates rise and the property market cools.
According to the segment, SMSF’s property holdings now total some $88 billion, with $14 billion of that leveraged. However, because the ATO does not release figures on borrowings against individual exposures, there is no way to monitor the risks in the system.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.