Why Super for Housing is a bad Idea
youtu.be
My first collab with Aus Unionshttps://linktr.ee/purplepingers

NOTE: Video sponsored by the ACTU

Key points

  • It would make house prices increase by more than the maximum amount people could withdraw
  • It would cost the government $1 trillion in the long run
  • It would leave people with $200k less in retirement savings
  • It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal
  • No1@aussie.zone
    4·
    6 months ago

    No,no,no,no! You’ve all got it wrong! You’re all looking at it from entirely the wrong objective!

    It’s a GREAT policy for property investors which will boost capital growth and provide excellent short term returns!