Robert Gottliebsen has urged the federal government to allow first home buyers (FHBs) to raid their superannuation nest eggs for the purposes of purchasing a home:
For young people, let’s revisit the idea that, on a restricted basis, some of their superannuation could be used to help them own a home. Owning a dwelling to live in is probably the best single long-term step anyone can take to fund retirement. The idea of using superannuation to help both current living and retirement this way is abhorrent to the superannuation movement. But they have to start thinking not only about helping their members move towards retirement but engaging younger people in supporting superannuation.
There is no better way of doing that than using superannuation to help get them started on buying a residential dwelling.
