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Waleed Aly shut down by economist after making point about Scott Morrison’s first home buyer policy

Scott Morrison’s plan to let Australians put $50,000 of their super into buying their first home could help the young get into the market much sooner as prices surge.

Australian property prices last year soared at the fastest annual pace since 1989 and saving up for that 20 per cent mortgage deposit to buy a house typically takes more than a decade in most capital cities.

With fewer Australians able to buy their first home in their 20s or 30s, the Prime Minister used the Liberal Party campaign launch in Brisbane on Sunday to unveil the Super Home Buyer Scheme.

This would allow first-home buyers to invest up to $50,000 or 40 per cent of their superannuation if they had saved for a deposit of at least five per cent.

The scheme has no home price limit and is available for a brand new or…

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