The Coalition is considering allowing the use of super as collateral, or withdrawing a sum for a house deposit or to pay off a mortgage, in a bid to lift home ownership.
Shadow Housing Minister Andrew Bragg will argue there needs to be a national conversation about super and housing in a speech today, but the opposition has not yet announced any policies.
The Coalition has entered the political fray over super, re-litigating the argument that the retirement savings scheme should be used to help people buy a home — but has stopped short of announcing any policies.
Shadow Housing Minister Andrew Bragg will give a speech later today where he is expected to float ideas about how super could be used to boost home ownership ahead of retirement.
Senator Bragg said multiple options had been canvassed by the Coalition, including using super as collateral for a loan, or withdrawing a lump sum for a house deposit.
While stressing that the Coalition had not settled on its formal policy, Senator Bragg said there was a need to look at different ways super could be used to help people buy their first home.
The Coalition's policy at the last two elections was to allow people to withdraw $50,000 from their super to put towards a house deposit.
Under the government's first home super saver scheme, people can make voluntary contributions to their super, allow it to accrue interest, and later withdraw up to $50,000 of that money as part of a home deposit.
Treasurer Jim Chalmers said the Coalition and One Nation were "coming after super" and they wanted to "vandalise" the retirement savings scheme.