Liberal senator Andrew Bragg says given the average deposit in Sydney is $150,000, it’s a ‘big thing to deny’ people access to that capital via their super.Liberal senator Andrew Bragg says given the average deposit in Sydney is $150,000, it’s a ‘big thing to deny’ people access to that capital via their super., has confirmed the opposition will push for first home buyers to be able to withdraw more than the $50,000 proposed before the 2022 election.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “I want Australians to own their own houses as soon as they can. And we know the key determinant for success in retirement is your home ownership status, not your super balance, so … if people have faster access to owning a house, that’s good.
Bragg said that claims of a price impact were “massively exaggerated” and had been exposed as a “load of rubbish” by economist Cameron Murray, the Centre for Independent Studies and the Grattan Institute.by the Super Members Council suggesting a $75,000 price rise in Sydney “seems too big” but the policy “certainly would raise prices”.