The government’s plan to allow first home buyers to use their superannuation for the purchase of a home has been met with mixed reactions.
Sky News Business Editor Ross Greenwood says part of the problem is “it really probably doesn’t give enough money to those people who might be wanting to buy their first home”.
“What happens if the house prices fall? I think a lot of people have simply forgotten that Westpac, for example, right now, has got forecasts that house prices could fall peak to trough around Australia by 14 per cent,” he told Sky News Australia.
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