Superannuation use as mortgage collateral divides parties
Shadow Housing Minister Andrew Bragg has proposed allowing Australians to use their superannuation as collateral or an offset against home loans, marking a shift from the Coalition's previous policy of allowing first-home buyers to withdraw super for deposits. The proposal has divided the major parties, with Labor opposing the plan while the Coalition signals openness to giving Australians more choice with their retirement savings. Meanwhile, Reserve Bank Governor Michele Bullock has flagged concerns about inflation risks as major lenders increase rates in anticipation of another cash rate…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.