Australians know super is for retirement and are concerned proposals to bust open retirement savings for housing would artificially inflate property prices and erode retirement savings, extensive focus group-polling reveals.
The Coalition recommitted to its policy last night of allowing people to use $50,000 from their super for a home deposit – which Industry Super Australia (ISA) is opposed to as it would harm members’ savings.
And research conducted in March by the tri-partisan RedBridge group found participants thought the proposal was inconsistent with the purpose of superannuation and worried it would artificially inflate house prices.
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