Coalition plan to allow first homebuyers to access super ‘will jack up house prices’
by Paul Karp from World news | The Guardian on (#5Z904)
Allowing access to up to $50,000 of retirement savings like throwing petrol on a bonfire', industry super group warns
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The Coalition has conceded its plan to allow first homebuyers access to superannuation will push up prices, as industry super and progressive thinktanks warned it could add tens of thousands to the cost of a home.
The policy, unveiled at the Coalition launch on Sunday, to allow first homebuyers access to up to $50,000 of retirement savings has prompted warnings that house prices in Sydney could increase by as much as $134,000.
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