Taylor rejects Bragg's plan to let buyers tap super for loans
Opposition leader Angus Taylor rejected shadow minister Andrew Bragg's idea of letting first-home buyers use superannuation as loan collateral.
Andrew Bragg, the Coalition's shadow housing minister, proposed on Tuesday that Australians could use retirement savings to help buy a home. The money could stay in super and act as collateral, or buyers could withdraw it to pay off a mortgage or get a loan.
Opposition leader Angus Taylor rejected the idea. Taylor said it is not Coalition policy yet.
Labor's acting prime minister Richard Marles said the Coalition is attacking the super system. This is the second time in weeks Taylor has rejected a Bragg proposal, after the frontbencher suggested cutting migration to below 180,000 a year.
- Shadow housing minister
- Bragg's role
- Below 180,000 a year
- Proposed migration level
- 15 August
- Prior rejection date
Why it mattersAustralians considering how to buy a home need to know where the Coalition actually stands on super access before the next election.
AustraliaFirst-home buyers and retirees in Australia are watching whether the Coalition will loosen access to superannuation for property purchases, affecting millions of people's retirement security.
✓ Claims checked against the source and corrected before publish. checked 2 d ago
