The Prime Minister has gained the political fight he wanted by promising a housing policy that the superannuation industry, the union movement and Labor cannot abide. | David Crowe | OPINION auspol AusVotes2022
Scott Morrison has gained the political fight he wanted by promising a housing policy that the superannuation industry, the union movement and Labor cannot abide.
Morrison knows how to run hard on a dramatic policy idea in the final stretch of an election contest because he did this with the First Home Loan Deposit Scheme during the 2019 campaign, promising a government guarantee over 15 per cent of a mortgage. Will it work? The benefits of the policy depend entirely on assumptions about property values, super fund balances and compound rates of return. Australians are certainly better off if they can own their own home in their retirement. The uncertainty in the policy is the cost of achieving that goal by shrinking their super fund nest eggs.The advantage for Morrison is that he is promising younger voters the freedom to choose what they want to do with their savings.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scott Morrison uses Liberal party campaign launch to set up housing battle with LaborPM announces ‘game changer’ for first-home buyers and spending boosts as he urges voters to stick with government at polls
Read more »
Scott Morrison suggests Labor may have leaked AUKUS information had it been briefed soonerThe Prime Minister denies that Australia broke with the Biden administration when it decided not to consult Labor about its momentous decision to scrap the French submarine program and unveil an ambitious new plan to build nuclear-powered submarines with the US and the UK.
Read more »
Morrison had 'every confidence' Labor would support AUKUS agreementScott Morrison has rejected claims the US expected the Labor Party to be briefed on the AUKUS agreement months in advance after Opposition Leader Anthony Albanese exploded at the Prime Minister for failing to seek bipartisan support.
Read more »
'Desperate': Labor warns Coalition's super housing scheme 'pushes prices up'Labor spokesman Jason Clare suggested the Coalition's housing policy, which allows young Aussies to access their super to put towards their first home, is a 'desperate act of a dying government' and claimed will increase property prices by six figures.
Read more »
'Like adding kerosene to a fire': Labor attacks Scott Morrison's super home deposit planLabor 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.
Read more »