Australian Financial Review: SMSFs are Australia's version of shadow banks: Credit Suisse

Self-managed super funds are now a major source of credit to Australian property investors, taking over from banks which are subject to restrictions governing lending to real estate investors.
New research from Credit Suisse equity strategist Hasan Tevfik finds that the $622 billion self-managed super fund sector is a significant lender to property through senior debt, mezzanine debt and preferred equity.
The full article is available here.

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