Letting first home buyers raid super could work: minister

By Eryk Bagshaw
Updated March 15 2017 - 1:18am, first published 1:14am
Shadow Treasurer Chris Bowen speaks in the Omnibus Bill at Parliament House in Canberra on Wednesday 14 September 2016. Photo: Andrew Meares  Photo: Andrew Meares
Shadow Treasurer Chris Bowen speaks in the Omnibus Bill at Parliament House in Canberra on Wednesday 14 September 2016. Photo: Andrew Meares Photo: Andrew Meares

The minister charged with pulling together the Turnbull government's looming housing affordability package has suggested Australians could be allowed to use superannuation when buying their first home but that such a change would have to be a part of broader reforms. Assistant Treasurer Michael Sukkar, who is spruiking housing affordability as a key platform of the May budget, said any changes on the "demand side" such as superannuation reform could work if supply in the housing market was also increased.

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