The Financial Services Council (FSC) has categorically rejected the idea of allowing people to use their superannuation balances for a first home deposit:
Jane Macnamara, said that when the proposals being put forward were closely examined they simply did not “stack up” and ran the risk of artificially inflating house prices…’
[Macnamara] said that while, at first blush, the superannuation for housing proposal looked attractive there was a “mountain of research demonstrating that giving first home buyers more money simply increases house prices”.