First home buyers will be able to dip into their superannuation and use up to 40 per cent of their savings to buy a new house.
Prime Minister Scott Morrison used the Liberal Party’s election campaign launch in Brisbane on Sunday to unveil his ‘super home buyer scheme’.
‘I’m going for a second term because I’m just warming up,’ he said.
Homebuyers will be able to use up to $50,000, or a ‘responsible portion’, of their superannuation to invest in their first home.
‘We want to further help Australians get past what is the biggest hurdle on their path to home ownership [and] that is the difficulty of saving for a deposit. And being able to use their own money to do it,’ Mr Morrison said.
Prime minister Scott Morrison used the Liberal Party’s election campaign launch in Brisbane on…
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