Master Builders Chief Executive Denita Wawn is pushing to allow first home buyers (FHB) early access to up to $50,000 of their superannuation funds to build or purchase their first homes, alongside a $5 billion construction stimulus in the October budget:
Ms Wawn said Mr Frydenberg should allow compulsory super to be used “to help people enter the housing market as quickly as possible as well as having adequate retirement savings”.
“Giving people a sizeable chunk of their super, for example up to $50,000, will make a substantial difference,” she told The Australian. “Access to anything less would be a meaningless gesture that won’t go any way to solving the problem.
