Insights

Using super for housing is a really bad idea

24/04/2017

Jerome Fahrer

Motivated by the need to make housing more affordable, recently a proposal has been floated from within the Commonwealth Government to allow first home buyers (FHBs) to access their superannuation to help fund the purchase of their house.

ACIL Allen recently completed a report for AMP which argues this proposal is a really bad idea, for the following reasons: