Macquarie Bank abandons SMSF Property Loans - article "New Daily" Yesterday

According to an article in The New Daily yesterday which said " Entrepreneurial lender Macquarie Group has abandoned the self-managed super fund lending market, making it the last of the major institutions to drop the business."

The article went onto say "Macquarie was therefore the last of the major institutions pulling out of the SMSF lending market.ANZ was never involved, NAB pulled out in July 2015 while CBA, Westpac and AMP withdrew in the September quarter last year."

The full article is available at: https://thenewdaily.com.au/money/superannuation/2019/03/20/macquarie-dumps-smsf-lending/

IMO i'm not sure if this will have any bearing on Domacoms Pilot with a yet to be named Big 4 Bank of similar SMSF Property Loan products.

Domacom announced their 6 month Pilot on 1st February 2019, so I guess we are 2 months in, hopefully details will be available shortly.