Live: Bragg to reignite super fight with housing plan
A plan for Australians to use their superannuation to make it easier to secure a home loan is set to be floated by Shadow Housing Minister Andrew Bragg. Follow live.
Shadow Housing Minister Andrew Bragg plans to propose using superannuation savings to facilitate home loan approval. The proposal, not yet adopted by the Coalition, would enable individuals to leverage their retirement funds as collateral for mortgages or larger loans. Speaking at the Financial Services Council, Bragg is expected to argue that such options should be debated in Australia.
This proposal follows in the footsteps of the Coalition's previous proposal allowing individuals to withdraw up to $50,000 for a first home deposit.
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