The Greens have responded to reports that the Turnbull government is considering allowing first home buyers to access their superannuation to buy a home, calling the idea ‘idiotic’.
“Allowing first home buyers to dip into their super in order to buy a home is an atrocious idea and will likely make things worse for those hoping to purchase a home and in the long term for people when they retire,” Greens housing spokesperson Senator Lee Rhiannon said.
“This would add more fuel to the fire, not help to fix the housing crisis.
“That the Turnbull government is seriously considering this goes to show how desperate they are to avoid tackling investor tax breaks.
“Of all the ideas they have come up with, this has got to be one of the worst.
“Even if young people have earned enough super for a deposit, expecting anyone to choose between retirement savings and a home is insulting,” Senator Rhiannon said.