It's time we accepted superannuation is not an end in itself but a component of good retirement policy, of which home ownership has to be the cornerstone.
Tagged: deposit gap
The greatest risk in old age is not that your superannuation balance isn’t high enough, but that you don’t own your own home
We've renewed our call for first home buyers to be able to borrow from their superannuation account towards their deposit based on a new study: "Superannuation and Housing: growing the cake and eating it too".
This analysis shows the major issue with housing affordability is the time it takes to save a deposit, not negative gearing, and that mortgage repayments themselves are quite affordable by the standards of the last 23 years.