First home buyers accessing superannuation for housing

The idea of allowing first home buyers to access their superannuation has again been raised by members of the Coalition, though it is not supported by Labor or the superannuation industry.

Previous suggestions have involved first home buyers withdrawing superannuation to put towards a deposit. However the proposal currently receiving consideration appears to be super funds taking an equity stake in the homes of members.

Majority opposed to accessing super for housing, even less popular with Coalition voters

Most people are opposed to accessing superannuation for housing, and the idea is even less popular amongst supporters of the Coalition. Members of the Coalition have been raising the option of first home buyers accessing their super, though the model has apparently gone through several revisions. 50% of those polled… Read More »Majority opposed to accessing super for housing, even less popular with Coalition voters

Super industry interested in affordable housing, not first home buyers accessing super

The superannuation and property industries have welcomed the suggestion of increased investment in affordable housing, but not allowing first home buyers to access their super. Yesterday the Treasurer said, in a speech, that he hoped superannuation funds would invest more in affordable housing. On the same day it was reported… Read More »Super industry interested in affordable housing, not first home buyers accessing super

First home buyers accessing super “stupidest idea ever”, says Chris Bowen

Labor Shadow Treasurer Chris Bowen says an option being considered by the Government for first home buyers to access superannuation is the “Stupidest. Idea. Ever. 2.0”. According to reports the Prime Minister is “actively considering” allowing first home buyers have their superannuation take an equity stake in a property they want… Read More »First home buyers accessing super “stupidest idea ever”, says Chris Bowen

PM “actively considering” letting first home buyers access super

The Prime Minister is, according to reports, “actively considering” allowing first home buyers to use their superannuation to directly invest in their own housing. The model apparently under consideration is a ‘shared equity’ scheme where the super fund invests in the property of the member, not withdrawing superannuation to fund… Read More »PM “actively considering” letting first home buyers access super