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According to The Australian today, the Turnbull Government is planning two housing bribes under the cloak of ‘housing affordability’, namely:
- Allowing first home buyers to access their superannuation savings for a deposit; and
- Allowing retirees to downsize without affecting the assets test for the Aged Pension.
Here’s the gist of the proposals:
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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.
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