From theabj.com.au: The Coalition has proposed a policy allowing first-time home buyers to access up to $50,000 from their superannuation savings for a home deposit, similar to New Zealand’s KiwiSaver model.

However, concerns arise from New Zealand’s experience, where house prices surged by 134% since the policy’s introduction, leading to increased mortgage debts for buyers and declining home ownership rates.

A report by the Australian Super Members Council warns that such demand-side measures in Australia could further escalate housing prices and worsen affordability issues without reversing long-term declines in homeownership among younger Australians.