Home World Scott Morrison, Josh Friedenberg will not disclose the simulation superschema

Scott Morrison, Josh Friedenberg will not disclose the simulation superschema

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Scott Morrison and Josh Friedenberg have repeatedly shied away from questions about how their home purchase scheme will affect the housing market.

On Sunday, the prime minister unveiled a major part of the coalition’s plan to get more Australians into their first homes, giving first home buyers a chance to go down 40 per cent, or up to $ 50,000 of their pension, provided they return it. , together with capital gains.

But on Monday, Pension Minister Jane Hume said the coalition expects it to lead to higher house prices.

Both the Prime Minister and the Treasurer were repeatedly asked during the morning media and their respective press conferences on Tuesday to reveal the model, but each time avoided the issue.

At his press conference, Mr. Morrison was asked why his coalition does not release a simulation of the impact of superpolitics on the market.

In response, he said only that Mr Friedenberg had “resolved … the issue”.

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“I will refer to his comments,” Mr Morrison said.

Earlier, Mr. Friedenberg was asked three times by the host of the show “Today” Karl Stefanovich, whether the coalition was involved in modeling.

Each time he could not answer.

Camera iconThe scheme will allow first home buyers to plunge into retirement to help with the deposit. NCA NewsWire / David Crossling Credit: News Corp Australia

“We understand the impact this will have on the housing market, and when it comes to prices, it will be insignificant or insignificant,” Mr Friedenberg said after Stefanovic asked about the simulation for the second time.

“It will (attract) 100,000 buyers to the housing market, and … we say you can access up to $ 50,000,” he said after Stefanovich’s third request.

“It means that if everyone gets access to it, it’s $ 5 billion a year. At present, the housing market accounts for $ 700 billion a year.

“So, Carl, you count: $ 5 billion versus $ 700 billion.”

Stefanovich laughed and told Mr. Friedenberg that it was his job to deduct.

RN Breakfast presenter Patricia Carvelas asked similar questions to Mr. Friedenberg, asking him to categorically rule out rising property prices.

In response, Mr Friedenberg said that “hand on heart we do not expect this to significantly affect housing prices”.

“As Jane (Hume) rightly said yesterday, we need to focus on the long-term benefits of this policy,” he said.

Mr Morrison also called the Labor Party’s opposition to the scheme, calling it “inaccessible to ordinary Australians”.

Earlier, Labor leader Penny Wong called the scheme a “gamble.”

Mr. Morrison wondered how “the most important investments you’ve made in your entire life” can be a game.

“If Labor thinks it’s a gamble, they’ve completely lost touch with the aspirations and goals of Australian families, which … their first goal is to ensure they can own a home,” Mr Morrison said.

“The advantage of this policy is that it not only helps Australians get into their own homes, but also saves their retirement savings for this policy.

“And that’s a big difference with this policy. There were a lot of rules that just stated that you shoot super and never give it back. We are not talking about it. “

https://thewest.com.au/news/scott-morrison-josh-frydenberg-wont-reveal-super-scheme-modelling-c-6824081

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