Hey Justis ,
Look at this way . If every first home buyer from now on were to fund their housing with their super , I think it would put a floor under the market and distort it upward . Look at how first home buyer grants push prices up of the lower priced houses . Any re agent will tell you about that .
Now that smsf's funds are allowed to invest in property , prices are going to rise because you are creating competition in the market . More competition means prices rise .
Also , if someone were to use their super that they'd been building for , let's say , 10 years , then that puts their super back to square one . If they squander that house during their lifetime because there's no controls over it , then they're back to square one and their super is significantly discounted .
- Forums
- Property
- Why Xenophon's Wants To Use Super for FHB Deposit?
Why Xenophon's Wants To Use Super for FHB Deposit?, page-10
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online