Home & Commercial Expert

‘It’s your money’: PM defends new super scheme for first home buyers

Prime Minister Scott Morrison says the Coalition’s new scheme to make it possible for first home customers obtain to their tremendous is one thing the governing administration has “thought pretty diligently about”.

The scheme would permit initial property purchasers to withdraw up to 40 for every cent of their super to set in direction of a housing deposit.

“It’s your funds, and it should really be your house,” Mr Morrison stated.

“I know Labor doesn’t like this strategy I know Labor doesn’t want you to have entry to your super.

“They want to continue to keep your revenue in anyone else’s regulate – I don’t agree with that.”