Super for first home buyers - massive winner for young, page-296

" ... IF someone selling a house does not make a profit after a reasonable period of time, he is highly unlikely to see much appreciation in his super!!!!!!!"

Case in point is the collapse of apartment prices during the pandemic which has still to recover especially in Melbourne and Sydney.

There appears to be a lot of vagaries that hasn't been considered and the devil is in the detail. For example, what happens if a builder files for bankruptcy? Where in the hierarchy of creditors would the home buyer be and if they loose their investment, what are then the consequences of obligatory repayment of the amount withdrawn from respective super funds? There are more considerations which seems to have been over looked in the rush to release a policy to counter Labor's.