politics Australia
Andrew Bragg to propose using superannuation for mortgages
50,000AUD
The Coalition previously proposed allowing individuals to withdraw up to this amount for a first-home deposit.
Andrew Bragg has floated options for using superannuation to support home ownership, including as mortgage collateral, an offset or a withdrawal to pay a mortgage or fund a first-home loan. Angus Taylor said no option has been adopted as Coalition policy.
3 sourcesabc.net.au, The GuardianUpdated
Claims
Support what holds up. Dispute what doesn't.
Andrew Bragg is set to propose allowing Australians to use superannuation as collateral for a mortgage.
3 of 3 sources“the latest policy proposal from Liberal frontbencher Andrew Bragg that would let first home buyers use their superannuation savings as collateral for a loan”
The proposal would allow individuals to use retirement savings as collateral for a mortgage or to increase the size of a loan.
3 of 3 sources“using super to increase a would-be homeowner’s borrowing capacity”