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‘Devastating Impact’: Labor’s warning over super scheme – NEWS.com.au
‘Devastating Impact’: Labor’s warning over super scheme
House prices will spike and young people will be exposed in retirement if the government allows first-home buyers to dip further into their super, the federal opposition warns.A growing chorus of government backbenchers is calling for the Coalition’s pledge to raise superannuation to be scrapped and emphasis to be shifted to boosting home ownership.
Former Reserve Bank governor Bernie Fraser backed plans for people to direct super savings towards a first-home deposit. Under the First Home Super…
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