Five reasons to give first home buyers access to super
If a person owns their house it is equivalent to having sufficient superannuation to service rent for the rest of their lives. Thus, far from eroding superannuation, it is a core part of retirement savings.
Using superannuation for housing has been a controversial policy for some time now. Opposition Leader Peter Dutton has supported this plan. Prime Minister Anthony Albanese is negative.
Economists are divided, largely based on how they assess the trade-offs involved and the risk that government will erode peoples’ superannuation.
