I see advantages in taking $50k out of your super an placed into a family home ....
1. The $50k grows in value as the property value increases over the long time frame.
2. Selling your primary place of residence draws no tax. So the gain is tax free.
3. Thats $50k less in your super having your fund take a percentage of.
4. The home owner now saves on rent.
5. If a potential 1st home buyer has low super they can boost it with voluntary contributions and save on income tax also accelerating their ability to save for their home.
6. They will not lose 40% of the property profits in the event of a sale as they would under the Labor scheme.
7. ALMOST FORGOT! No interest on that $50k needing to be paid to the bank.
