The Turnbull Government’s desperate attempt to keep the East Coast property bubble going has hit a snag with the Senate looking as if it will vote down the Government’s legislation to allow first-home buyers (FHBs) to use up to $30,000 of voluntary super contributions for a housing deposit. From The Canberra Times:
The legislation for the scheme, set to be introduced on Monday, will require the support of all but two crossbench senators.