Well, another genius bit of vote buying responsible fiscal management has been announced. First home buyers will be able to withdraw up to $50,000 from their super, not to be confused with the FHSS scheme, where the money had to be voluntarily added to your super fund first.
So the price of housing increases purely because people will instantly have more money to buy with, same as it did with first home buyer scheme, covid building grant scheme etc. On top of that, we will have people taking out huge chunks of what is meant to sustain them in retirement, missing out on a tonne of compounded investment returns.
Do people actually buy this rubbish? So they actually think this is a responsible thing to do?
Link here thanks to Hybroid
Exactly. They want debt slaves propping up the economy that they're riding all the way to the Swiss banks.
Some of them also pretend high house prices are good for the economy because high house prices encourage homeowners to spend money. But it's a flawed argument. When the cost of housing and rent is too high, low- and middle-income Australians need to spend most of their disposable income just keeping a roof over their heads.