Coming Up Mon 9:00 PM  AEST
Coming Up Live in 
Live
Punjabi radio
SBS PUNJABI

Coalition’s super-for-housing policy faces criticism

Prime Minister Scott Morrison and Liberal candidate for Blair Sam Biggins campaigning in Ipswich, QLD Source: AAP

The Prime Minister is defending his party's plan to unlock super for first home buyers - despite warnings of increasing house prices and hurt retirement savings in the long term. Scott Morrison is also on the back foot over reports the US wanted AUKUS to have an agreement from both major parties before signing even though Labor was only told a day before the announcement.

On Liberal’s campaign launch, Scott Morrison announced a plan to allow first home buyers to access some of their super for a housing deposit.

It would allow buyers who have already saved five percent to access up to 40 percent of their retirement savings - to a cap of $50,000.

Critics have raised the alarm on the policy - over concerns it will increase housing prices - as more people enter the market.

Anthony Albanese says the policy has previously proved unpopular amongst the Coalition's own ranks.

The Prime Minister has also come under scrutiny today over reports the US insisted Australia secure the support of both major parties before signing the AUKUS agreement - despite Labor only being told about it a day before the announcement.

Scott Morrison suggests the party couldn't be trusted - and has rubbished the report.

Listen to the audio by clicking on 'Speaker' in the photo above. 

Listen to SBS Radio's Punjabi program from Monday to Friday at 9 pm. Follow us on Facebook and Twitter

Coming up next

# TITLE RELEASED TIME MORE
Coalition’s super-for-housing policy faces criticism 19/05/2022 07:44 ...
SBS Punjabi Australia News: Friday 1 July 2022 01/07/2022 10:50 ...
Here's how major visa and immigration changes will impact skilled migrants, international students from 1 July 01/07/2022 11:04 ...
Census reflects the shifting shape of multicultural Australia 01/07/2022 04:50 ...
SBS Punjabi Australia News: Thursday 30 June 2022 30/06/2022 11:45 ...
Punjabi actress Mandy Takhar shares what kept her connected to her roots 30/06/2022 06:59 ...
‘Don't let online fame compromise your ethics', says this Punjabi vlogger 30/06/2022 14:36 ...
SBS Punjabi Australia News: Wednesday 29 June 2022 30/06/2022 10:00 ...
Australia's becoming more diverse: Census 2021 29/06/2022 06:30 ...
Crossbench anger as government trims parliamentary staffers 29/06/2022 05:52 ...
View More