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Government's housing affordability plan still under construction

A wooden frame for a house in Springfield in Brisbane
A wooden frame for a house in Springfield in Brisbane Source: AAP

As the Turnbull Government works on its housing affordability plan, some on the backbench are raising an old idea.


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By James Elton-Pym, Jin Sun Lane

Source: SBS



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As the Turnbull Government works on its housing affordability plan, some on the backbench are raising an old idea.


A group of Coalition backbenchers, including Tony Abbott, is pushing the government to adopt a scheme that would allow young people to dip into their superannuation funds to buy a home.

The idea of letting young people divert super for house deposits was raised in the Howard era, but ultimately rejected by the government.

But critics of the scheme say it would only increase demand and drive house prices higher, while risking damage to retirement savings.

 


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