This is just another right wing desperate last minute brain fart.
Super should be sacrosanct. Using it to gamble on future house prices is just dumb.
A well managed, long term super fund over 40-50 years will protect a person against house prices and guarantee them an income in retirement which is exactly the point.
In the current market, all this is going to do is give more buying power to those lucky few that actually have a decent super balance. That buying power will allow them to compete with investors and push prices up for everyone else.
Particularly for those who have no super.
Dumbest idea ever.
The solution is to increase supply. Pretty simple.
Long term policies that increase density, encourage efficiency in design and building practices etc.
