A shadow housing minister has called for broader discussions on housing policy, proposing a new measure that would let individuals use their superannuation as security for home loans. The suggestion, which has not been endorsed by the opposition leadership, echoes past debates from the 1980s and 1990s about national savings and housing reforms that eventually led to the superannuation guarantee. The proposal aims to align retirement savings, housing affordability, and superannuation systems to better serve Australians. Critics argue the idea remains unadopted by the governing coalition, which has dismissed it as unofficial policy.
Follow the day’s news liveGet our breaking news email, free app or daily news podcastAndrew Bragg, the shadow housing minister, said he believes in “big debates” about housing after pushing his new proposal yesterday to allow people to use their superannuation as collateral to get a home loan.The policy hasn’t been adopted by the opposition, and leader Angus Taylor said yesterday it wasn’t Coalition policy.We’re a great country, and we should be able to have big debates, as we had in the 80s and 90s about national savings and housing and the like, which led, in fact, to the super guarantee. …It’s very important that we look to calibrate the retirement and housing and superannuation systems to make sure that they’re getting the best outcomes for the Australian people. Continue reading...
