Proposed SMSF reform, a cooling market and banks divided on rates

1 July 2026

A single-storey brick and tile suburban house behind a low brick fence and clipped hedge, late sun raking across its face.

Superannuation is close to no longer being a leverage tool. From 1 July 2027 new residential borrowing inside an SMSF would be prohibited, and it is the contract exchanged before 10 August 2026 that decides which side of the line a purchase lands on. Inside: why the four majors disagree about where rates settle next, and how a senior executive of an ASX-listed company borrowed $4m against shares he never sold.