Allow young people.....at the end of 5 years employment..... take out all of their Super for a house deposit.
Lets say Joe earns $40k year
9% Super x 5 years = $18,000
"first homeowners grant"......The Goverment should also match dollar for dollar any contributions a young person makes out of his/her own pocket towards Super in the first 5 years of employment.
Joe was contributing $25 week for 5 years = $6500
Joe started work when he was 20.....he's now 25
So he will get......
$18,000 from his Super for a house deposit $6500 Government contribution.....reward for his self Super contributions
$24,500
Super at 25 years of age does nothing for Joe.....but it could help if he was able to use his Super for a house deposit....and was given an incentive to save at the same time.
