Super for housing debate splits Coalition
Opposition MP Andrew Bragg has called for debate on allowing Australians to use their superannuation to help with home ownership, despite this not being official Coalition policy. The proposal comes as mortgage holders brace for another expected interest rate rise from the Reserve Bank, with One Nation already proposing similar super laws. Finance experts warn that using superannuation as collateral for home loans could leave Australians vulnerable to housing price shocks and negatively impact retirement incomes.
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