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Showing 21 - 30 of 196 results for "First Home"

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... withdraw up to $50,000, up to a maximum 40% of their balance, from their superannuation fund account to purchase their first home. The analysis focused on 38-year-olds and assumed that 20% of renters would purchase a home under the scheme. The Parliamentary ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... policy," Bragg said that on the demand side, they believe people should be able to use their own money to purchase their first home. "Where super funds and foreign fund managers are given tax concessions to participate in what's known as build to ...

Liberals respond to Federal Budget

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... Australia. On housing, he recommitted to allowing Australians to access up to $50,000 of their superannuation to buy their first home and extended this policy to separated women to help restart their lives. However, the money initially withdrawn from ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... looked at existing and proposed super for housing policies to determine what can be done to help Australians into a first home." The Committee made two recommendations in particular; to allow first home buyers to access more of their super than has been ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... across coming decades. The modelling - commissioned by the SMC - found pension costs could climb exponentially as those first home buyers start to retire with far less super and are forced to rely more heavily on the taxpayer-funded age pension. To meet ...

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... Australians to own their own home, but this idea won't achieve that - it would just make that goal even harder for first home buyers by making house prices more expensive," SMC chief executive Misha Shubert said. The SMC is opposing what it calls ...

South Australia recognised as 'economic leader'

ANDREW MCKEAN  |  MONDAY, 22 APR 2024
... will create a pipeline of work," Mulligan said. "Housing remains a key focus - with the abolition of stamp duty for first home buyers and the creation of a new super portfolio to boost supply and get more South Australians into their own homes. "We know ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... proposal by Shadow Minister for Housing Michael Sukkar to allow Australians to access their superannuation to buy their first home. The Shadow Minister said the Coalition was determined to help younger Australians achieve home ownership by allowing first ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
... initiatives, potentially stifling parliamentary decisions to liberalise superannuation rules for purposes like aiding first home buyers or providing support during economic downturns, as seen during the COVID crisis. "Members' money is being used ...

NAB, Jarden to launch NZ wealth business

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
... executive Craig Patrick said. Meanwhile, BNZ chief executive Dan Huggins said: "From people saving for retirement or their first home through KiwiSaver, to high net worth, institutional, and not for profit clients - BNZ's relationship with the new entity ...