‘Clever’ part of Coalition’s Housing Scheme is taking money from super

Australia News

The Australian Financial Review’s Phillip Coorey says “the clever bit about” the government’s Super Home Buyer scheme is “you take the money from your super”. “You put it against your first home; once that first home is sold, the principle plus the proportionate capital gain is put back into your super,” he told Sky News host Peta Credlin. “You’re still sort of investing that money towards your retirement, but just against the value of your house rather than the share market.”

Credit Sky news Australia

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