Australian Coat of Arms

Member for Blaxland

Shadow Minister for Regional Services, Territories and Local Government

Shadow Minister for Housing and Homelessness 

Turnbull tears down Tim's terrible idea

TURNBULL TEARS DOWN TIM’S TERRIBLE IDEA

 
Former Prime Minister Malcolm Turnbull has entered the debate again to tear down the idea that people should raid their superannuation to buy a home, as proposed by rogue Liberal backbenchers.
 
On Friday, Turnbull called the campaign “one of the craziest ideas” he’s heard, adding:
 
“If you’ve got a fire, you put water on it, not kerosene.”
 
Turnbull joins a choir of Liberals and industry groups criticising idea that people should raid their superannuation to buy a home. 
 
A report by The Association of Superannuation Funds of Australia released today also calls out this thought bubble, stating raiding super would:
 
put significant upward pressure on house prices and exacerbate housing affordability concerns for low-income earners”.
 
The Prime Minister should make it clear that he’s got Malcolm Turnbull’s back on this.
 
You don’t make housing more affordable by making it more expensive. 

We need to make it easier for people to buy their own home. This is not the way to do it. 

TUESDAY, 16 MARCH 2021

Media Contact: Arley Black 02 9790 2466