PM makes last-ditch pitch with super for housing
Scott Morrison has made a big play for younger voters just a week out from election day by announcing that first home buyers will be able to use up to $50,000 from their superannuation account to buy property.
In a move that sets up a contest with Labor over housing affordability between now and polling day, the money withdrawn for a home, plus the proportionate capital gain, would have to be returned to the home buyer’s super fund when the property is sold.
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