Coalition’s super-for-housing policy could cost all fund holders: industry

“Not only will throwing super into the housing market jack up prices and make houses less affordable, but all Australian workers will also be worse off because of lower investment returns,” he said.

“Super is meant to be for people’s retirement, not supercharging house prices and pushing the home-ownership dream further away.”Australia’s superannuation assets are worth an estimated $3.5 trillion. The median 25- to 29-year-old has $21,000 in superannuation, according to Industry Super, while the median 30- to 34-year-old has $41,000.

Can I just please have my fucking super already and stops watching these crooks pissnit away whilst charging me for the privilege.

Not really

well they could be dead by the time they use their super. Let people live in the now. There will surely be an alternative to retirement if the money modelling changes in time. Seriously!

If you had $100K on your Super at the start of this year, Congrats- you will now have something like $85K 😂 Imagine if only you had it on the housing market.. I bet you won’t be this worse off

Housing has been outperforming superannuation for years

big surprise that ScottytheFailure throws out a failure of an idea like this. smh.

TLDR for those who can't see the article. Super funds being a long-term investment means they can invest in a wider range of assets. If they're forced to invest in more liquid assets, they limit their options, which means lower returns for ALL members.

Do we have a quote from the Real Estate Institute as well?

The liberals are a disaster for Australia.

The Liberals will always find ways to wreck our compulsory super scheme

Talk about a vested interest in keeping money in super.

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Coalition plan allowing first homebuyers to use super could shrink all workers’ retirement savings, industry analysis findsIndustry Super Australia finds returns to members would decrease as funds would have to keep more cash on hand, reducing amount that can be invested Oh look a group with a vested interest in keeping as much money as possible in the super system and away from those who actually own it thinks its a bad idea to let people use their own money... I'm shocked... yes but its about busting the unions power that comes from universal super ,the lnp just hate how well the unions manage and the commercials get lower returns ,the lnp just hates universal super, full stop ..... With Labor states banning hundreds of thousands of Aussies from working with mandates which crippling all industries and the economy along with destroying lives, if Labor win election the entire country is doomed anyway
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