Coalition flags expanding super for housing policy amid increase in house prices

7 months ago 35

Michael Sukkar says policy may need to be revised ahead of next federal election but the ‘broad strokes’ would remain the same

Michael Sukkar has flagged that the Coalition could expand its super for housing policy to increase the amount that first home buyers can withdraw in response to rising prices.

The shadow housing minister said on Monday it was a “good point” that the original proposal for a single person to withdraw $50,000 was conceived before the 2022 election when prices were lower and may need to be revised – although the “broad strokes” would remain the same.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...
Read Entire Article