Sunday, May 22, 2022

Morrison uses campaign launch to announce policy to allow first home buyers to use super to purchase property

The Prime Minister has used the Liberal Party’s campaign launch to announce a plan to allow first home buyers to use their superannuation to purchase a property.

The Liberal Party chose Brisbane to officially launch their campaign, only six days out from election day.

Resource-rich Queensland was key to the Coalition’s “miracle” win at the 2019 election, with Scott Morrison echoing his election-night line at today’s event, opening with: “How good is it to be in Queensland.”

Mr Morrison went on to announce the Super Home Buyer scheme, which — if the Coalition is re-elected on Saturday — would enable first home buyers to use up to 40 per cent of their super, up to $50,000, to put towards buying a home .

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