The graduate, who works in the medical device industry and rents in Newtown, said it was best for the federal government to commit to increasing supplies.
“It doesn’t make it more accessible. You don’t make things more affordable by raising prices and giving out a little money … and even when I say “give out money,” they don’t give out money – they give us a chance to borrow from our future.
“I would like to see more offers of affordable homes. I’m not an economist, but if you increase supply, prices go down. It is very indicative of the government, where they are and who they are helping. “
First home buyer 43-year-old Kylie King would like to access retirement when she recently bought a two-bedroom apartment in Ormonde for herself and her eight-year-old daughter after four years spent in preservation and living with her parents. She said she would definitely consider this option with her mortgage broker Daniel Kutsamanis, director of BLVD Finance, if it were available.
“It would be [reduced] some of the three to four years it took me to keep the deposit. [And] I could definitely buy in a slightly higher price range, ”the head of the gym said.
She wouldn’t be afraid to plunge into her retirement, believing she has plenty of time to build it. However, she questioned how affordable the scheme would be for those not eligible for the housing market, noting that they would still need to service the loan.
45-year-old Melbourne tenant Sharon Westin welcomed the announcement and wished it was an option for her.
Having previously purchased investment property through a self-managed superfund with her ex-partner, she would have preferred to give her super to a home for herself and her two children facing a challenging rental market. She has moved home 39 times in her life.
“It would be strange to have such an ability to take root somewhere, but unfortunately it is still unattainable,” she said.
Westin, who runs Artfulness Retreats like a hawk has been watching her retirement since buying the property, now has less than $ 10,000 in her account.
However, she supported giving first home buyers access to their super, but believed there should be an age limit, so older Australians did not leave themselves with little salvation.
However, she would like to see the fine print and more simulate its impact on property prices. She did not think that this policy was worth it if it would push prices up significantly.
Meanwhile, the first home buyer in Sydney is Josh Kidd, 26, believed that this is an inappropriate policy that could have a negative impact on retirement savings, as well as push to increase demand and prices of the first home buyers.
“My main concern is the possibility of destroying future wealth in order to create a patch in the short term,” said Kidd.
The homeowner in the Midwest, who bought a two-bedroom apartment last year, would not have taken on this option if it had been available. However, he was in a happy position to use some of the inherited money to replenish the deposit he had spent on saving years.
He felt that more needed to be done to improve housing affordability, but was wary of policies that could put pressure on demand and prices, including a Labor aid scheme in purchasing which he is more committed to.
“I don’t know if it really makes it easier or not, but it seems to be based on a history of attempts to fix it by handing out policies, but it hasn’t happened,” he said.
Joel Murray, a 37-year-old tenant in Sydney, was also opposed to the policy, saying it would only add to the demand of first-time home buyers and do nothing to really address the housing affordability crisis.
“The Morrison government has over-stimulated demand, ignoring the supply side, which has an inflationary effect on housing prices, which is unwise to achieve more affordable housing and enable first-time home buyers who do not have wealth between generations. .. either single or with lower incomes, ”they said.
The health official said it would do little to help those who are not eligible for the housing market, and would have preferred governments to invest more in public housing.
Murray didn’t want to gain access to the super to get to the housing market faster. In addition to the impact on retirement savings, there was a risk of investing in real estate that could fall into negative capital in the coming years.
“While at least I know my super is gaining interest and it works better for me knowing my super is accumulating. It seems to be a big risk for, perhaps, not a big return, ”they said.
For first-time home buyer Yasa Yana Hararik, 32, who hopes to buy a family home in the next six months, any extra help to help achieve a 20 percent deposit was good news.
“It’s appealing. I know it’s not very long-term, but I feel that retirement is still far away, and the housing market is only growing, so it’s best to pick up now and try to make voluntary contributions [later]”- said Hararik.
While a mother of two and a student nurse did not have large pensions, her partner did. According to her, the couple will most likely consider using their super to replenish the deposit, but noted that they will also consider it if she has little savings.
She added that she would not support this policy if it had a serious impact on prices, but did not think it would, given that the few first home buyers will have enough super savings to get the maximum amount.
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