Coalition proposes using superannuation as mortgage collateral
Opposition housing spokesman Andrew Bragg will propose letting people use retirement savings as collateral to increase home loan sizes.
The Coalition is stepping up its election fight with Labor and One Nation by floating a plan to let homebuyers use superannuation as collateral for mortgages or to boost loan sizes. Opposition housing spokesman Andrew Bragg will outline the proposal on Tuesday.
Bragg argues that superannuation design must adapt to modern realities where home ownership is no longer assured by retirement. The Coalition's new approach would let people keep the funds invested while using them as security.
The Coalition's previous policy allowed first home buyers to withdraw up to $50,000 from super for a house purchase. The move comes after One Nation proposed letting workers pocket a quarter of super contributions as wage top-ups.
Labor is expected to attack any super changes as a threat to Australia's retirement savings system.
- $50,000
- Previous withdrawal limit
- 1992
- Superannuation launch year
- Andrew Bragg
- Opposition housing spokesman
Why it mattersIf adopted, the policy could reshape how Australians access retirement savings to buy homes, affecting both property markets and long-term pension adequacy.
AustraliaThe proposal affects millions of Australian workers and homebuyers, and signals that all three major political parties now see the $4.8 trillion superannuation pool as fair game for election promises.
✓ Claims checked against the source. checked 3 d ago
