PwC says Joe Hockey's super-for-housing would cost $31b by 2050
Jacob GreberSenior correspondent
Updated
Allowing younger people to withdraw superannuation savings to buy their first home would punch a $31 billion hole in the federal budget by mid-century.
Indicative modelling by PwC confirms changing super rules to fund housing would cost the government between $500 million and $1.1 billion a year in lost revenue at a time when the budget is already in trouble.
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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
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