Angus Taylor distances himself from Andrew Bragg’s proposal to let first home buyers use super
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 updates Get our new political email , free app or daily news podcast Angus Taylor has immediately distanced himself from the latest policy proposal from Liberal frontbencher Andrew Bragg that would let first home buyers use…
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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