Report criticising using super for home deposits 'deeply flawed'BY GRAHAM YOUNG | FRIDAY, 20 SEP 2024 3:38PM The 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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DANIEL SHRIMSKI
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MANAGING DIRECTOR
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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.