Via Domain:
Treasurer Scott Morrison insists the federal government has no proposal to allow first-home buyers to tap their superannuation for a deposit.
…Mr Morrison told parliament the government had no proposal along those lines in its housing affordability package, which will be delivered in the budget.
“The only party that has put that forward in a formal sense to an election is the Labor Party,” he told MPs.
He noted Mr Keating in 1993, as part of his election platform, recognised income and housing were equally required for a secure and comfortable retirement, and Labor would permit part of a deposit on owner-occupier dwellings to be funded from the homebuyer’s superannuation.
Earlier Finance Minister Mathias Cormann refused to buy into pre-budget speculation.
“To the extent there is a housing affordability challenge it is because demand exceeds supply, so obviously we want to boost supply, not boost demand,” he told reporters.
“You can draw your own conclusions there.”
It doesn’t seem terribly praiseworthy to not do a really bad idea but in today’s politics it is. Well done Mr Morrison.
