Allowing first-home buyers to use their superannuation as collateral was one of the 16 recommendations of a parliamentary inquiry into housing affordability and supply.
Several ‘experts’ have thrown their support behind the recommendations:
The proposal to use super as security was a “great idea” since it turned superannuation from an obstacle to buying a house into a vehicle for homeownership, Centre for Independent Studies (CIS) chief economist Peter Tulip told The Australian Financial Review.