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With the Senate last month shooting down the Turnbull Government’s legislation to allow first-home buyers (FHBs) to use up to $30,000 of voluntary super contributions for a housing deposit, the rent-seekers over at the Housing Industry Association (HIA) have dialled-up the lobbying:
“Superannuation incentives for first home buyers to save for their first home and for the over 65s to downsize are a significant step forward in assisting Australian’s manage their own financial security, said HIA’s Principal Economist, Tim Reardon.
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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.