A senior Liberal politician has proposed allowing first-home buyers to use their superannuation savings as collateral for a home loan, sparking immediate pushback from the party’s opposition leader. Angus Taylor quickly rejected the idea, clarifying that it does not represent official Liberal policy, even as the shadow housing minister suggested exploring ways to tap retirement funds to boost home ownership. The debate comes amid ongoing discussions about housing affordability and potential reforms to superannuation rules. Critics may question whether such a move risks undermining long-term retirement security for financial gains.
Opposition leader said the idea for Australians to use their superannuation savings as collateral for a loan ‘is not our policy’Follow our Australia news live blog for latest updatesGet our new political email, free app or daily news podcastAngus Taylor has immediately distanced himself from the latest policy proposal from Liberal frontbencher Andrew Bragg that would let first home buyers use their superannuation savings as collateral for a loan.Bragg, the shadow housing minister, floated “a range of ways” on Tuesday that Australians’ retirement savings could be used to help more people into home ownership.Sign up for Guardian Australia’s Politics, really newsletter here Continue reading...
