Housing boom

Press/Media: Expert Comment

Description

What's the point of having a super fund to support your retirement when you don't own a home ("Prices would go 'through the roof' if homes owned in super funds", June 15)? Housing is a basic need and there are more advantages in owning a home than renting one. Why the resistance to let people access their super to buy their own home, which has been shown to be a generator of wealth? Will pressure be put on the market if we can buy a home using super? Yes, but what we are talking about is people buying their own home, not having a super fund to buy multiple homes – which you can do via a self-managed fund. 

Period17 Jun 2020

Media contributions

1

Media contributions

  • TitleHousing Boom
    Media name/outletSydney Morning Herald
    CountryAustralia
    Date17/06/20
    DescriptionWhat's the point of having a super fund to support your retirement when you don't own a home ("Prices would go 'through the roof' if homes owned in super funds", June 15)? Housing is a basic need and there are more advantages in owning a home than renting one. Why the resistance to let people access their super to buy their own home, which has been shown to be a generator of wealth? Will pressure be put on the market if we can buy a home using super? Yes, but what we are talking about is people buying their own home, not having a super fund to buy multiple homes – which you can do via a self-managed fund. Associate Professor Vito Mollica, Macquarie University
    URLhttps://www.smh.com.au/national/nsw/protests-highlight-the-true-history-of-australia-20200616-p552yu.html
    PersonsVito Mollica