Labor housing spokesperson Jason Clare said the policy would drive up prices and hurt young Australians, after the former prime minister and super architect Paul Keating called it a 'full-frontal assault' on the system.
Federal Labor has attacked the government's new policy allowing first-home buyers to dip into their superannuation to get into the housing market.
Mr Morrison said the policy would put Australians in charge of their own superannuation and give people retirement security. "This will responsibly ensure that the majority of your super remains in your existing fund and maintains the diversification of your savings," Mr Morrison said. "Using super as a deposit will drive up property prices, leaving Australians with higher debt and depleted retirement savings," AIST CEO Eva Scheerlinck said.
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