As the Coalition reveals its policy costings, the prime minister dismisses suggestions it would be a gamble to release funds from super to help homebuyers
as part of the Super Home Buyer scheme. Morrison then went on to criticise Labor for not presenting its costing until two days before the federal election.
He is not only fundamentally incorrect in his assumptions around the market, superannuation, buying capacity, and realistic leverage, particularly for the people he claims to be helping, but he is wrong at law on this. Wrong at law.
Even the Liberals think it's a dumb idea
I saw the Canstar calculations showing that the LNP plan would cost homebuyers $1000 more per month than the Labor plan on a $900k loan. That's an extra $450k across the life of the loan.
Why would you let anyone take money from their super? That’s their retirement fund, not their housing fund. Complete and utter stupidity from Morrison who should know better. Desperation.
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