General
Helping Home Buyers in Sydney and Melbourne
The high cost of housing in Sydney and Melbourne means that even if first home buyers could access their Superannuation to purchase, it is unlikely to sufficiently boost their buying power in order to enter into the market.
Last week the ABC crunched some numbers for purchasing using Superannuation. They developed figures which showed that based on the average earnings for a 25 to 34 year old, including their 9.5% super and a $7,125 per annum co-contribution and assuming returns of 3.2%…
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