The Coalition is reviewing ways to let Australians draw on their superannuation to help buy a home, according to ABC News & Headlines – Australian Broadcasting Corporation. The proposal is being weighed as the opposition works out how far to commit to a mortgage-focused plan.
The ABC reports the idea is among the options under consideration. News.com.au describes the plan as touching a "sacred cow," while SMH.com.au says the debate over super has escalated as the Coalition moves toward the mortgage proposal.
Support for using retirement savings more broadly is also building. The Australian Financial Review reports growing backing for accessing superannuation for both wages and housing.
The discussion comes amid wider economic debate. The Guardian reports the Reserve Bank governor said migration is boosting the economy and warned that an AI investment boom could be a bubble that adds to inflation.
No final policy has been announced, and the ABC's report does not set out specific figures or eligibility rules. The detail of any plan, and whether the Coalition adopts it, remains to be confirmed.
What to watch next: whether the Coalition formalises a super-for-housing policy and how the government and regulators respond.
