‘Experts’ back allowing first home buyers to raid their super

Tuesday 22 March 2022

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.

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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.