Report criticising using super for home deposits 'deeply flawed'BY GRAHAM YOUNG | FRIDAY, 20 SEP 2024 3:38PMThe Corinna Economics report on paying for a home deposit using superannuation is convenient for the superannuation industry, but deeply flawed. It is true that any scheme allowing ... Upgrade your subscription to access this article
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Climbing to the top
DANIEL SHRIMSKI
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
Vanguard Australia managing director Daniel Shrimski is determined to propel the investment giant's superannuation product into the top 10 funds by assets under management by 2030. It's an audacious goal, even for a fund backed by the world's second largest asset manager. Andrew McKean writes.
Sorry, but this article demonstrates a lack of understanding.
The ONLY thing that will "increase repayment capacity" for anyone who needs to borrow money to buy a home is higher annual income! Not the size of their deposit.
ANY additional capital given to homebuyers will only make the affordability problem worse for subsequent generations.
There is a responsible way that super can be used for housing without increasing demand....and this isn't it.