Nick Xenophon changes tune on super-housing fix

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By Leith van Onselen

From Karl Fitzgerald at Prosper Australia comes news that independent senator for South Australia, Nick Xenophon, has dumped his plan to allow first home buyers to raid their superannuation accounts to purchase a home:

Cycling into work yesterday [Thursday] I bumped into the good Senator Nick Xenophon. I had to yell out “No super access for First Home Owners”! He responded so I hit the brakes and we had a short chat. In good news, Nick said that he had changed his position: ‘I’ve been listening to the people’…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.