Scott Morrison has set up a contest over housing affordability with Labor and the superannuation industry just six days out from the election, by announcing homebuyers will be able to use up to $50,000 each from their super account to get into the market.

In a move that makes a major play for younger voters, the money withdrawn for a home, plus the proportionate capital gain, would have to be returned to the homebuyer’s super fund when the property was sold.