Hey All,
Stumbled across this:
Link here:
http://www.ratecity.com.au/home-loa...home-buyers-access-their-super-for-a-new-home
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Initially i thought yeah sweet,good idea *IF* it get's passed BUT then there is the roll on affect.I don't need to spell it out.
Cheers Spades.
Stumbled across this:
Independent senator offers "super idea"
Nick Xenophon, South Australian Independent Senator, has suggested would-be homeowners should access their super in order to obtain a slice of the property pie.
The senator will introduce legislative changes when the state's parliament goes into session this spring that will allow first time buyers to use a proportion of the super savings towards a deposit for a home loan, after being inspired by a similar Canadian scheme.
"With more and more Australians finding it difficult to break into home ownership, adopting the Canadian scheme would make a difference to many thousands of Australians each year," Mr Xenophon said.
Link here:
http://www.ratecity.com.au/home-loa...home-buyers-access-their-super-for-a-new-home
________________________________________________________________
Initially i thought yeah sweet,good idea *IF* it get's passed BUT then there is the roll on affect.I don't need to spell it out.
Cheers Spades.