Angus Taylor distances himself from proposal to use super for home loans

Acting Prime Minister Richard Marles criticized the idea, calling it a "wholesale attack" on the compulsory super system, which he described as "profoundly important" for Australians' retirement security. This comes as an intergenerational report highlighted challenges in funding an aging population.

Peter Tulip, chief economist at the Centre for Independent Studies, viewed using super as collateral as a better approach than taxpayer-funded schemes like the first home guarantee, arguing it would reduce reckless borrowing. However, he qualified his support, stating that in the current market, such policies would likely increase prices and worsen affordability due to high demand outstripping supply.

Matthew Bowes, a senior associate at the Grattan Institute, questioned the policy's effectiveness for those most struggling to buy homes, noting that young Australians on low incomes, who face the greatest decline in home ownership, typically have less substantial superannuation savings. Bragg later clarified that these ideas are not official policy but are options worthy of debate.