“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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »