Coalition plans housing double bribe

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By Leith van Onselen

According to The Australian today, the Turnbull Government is planning two housing bribes under the cloak of ‘housing affordability’, namely:

  1. Allowing first home buyers to access their superannuation savings for a deposit; and
  2. 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.