Australians know super is for retirement and are concerned proposals to bust open retirement savings for housing would artificially inflate property prices and erode retirement savings, extensive focus group-polling reveals.
The Coalition recommitted to its policy last night of allowing people to use $50,000 from their super for a home deposit - which Industry Super Australia (ISA) is opposed to as it would harm members' savings.
And research conducted in March by the tri-partisan RedBridge group found participants thought the proposal was inconsistent with the purpose of superannuation and worried it would artificially inflate house prices.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
