00:00For young renters like Jordan Davies, the dream of owning a home feels more out of reach
00:07than ever.
00:08I have a reasonable income and it's still difficult to obtain finance in the amount
00:16that is needed to purchase a property.
00:20One idea that's long been floated to help first home buyers is allowing them to access
00:24their super for a deposit and it's now a coalition election policy where up to $50,000 or 40%
00:31of a super balance can be withdrawn, though the money has to be returned if you sell.
00:35The scheme will be inflationary so you put more cash into the hands of the home buyers
00:42and that will then push house prices up.
00:44The other aspect which is important to consider is the inequality aspect.
00:49So it's the higher income earners who have more super to draw from.
00:54So the scheme will likely help the higher income earners more than the lower income earners.
01:00This policy will mainly help those buyers that have difficulty getting a deposit together.
01:05So people that have generous parents or have substantial savings on their own will not use
01:11this policy much.
01:12Modelling by the Super Members Council shows someone withdrawing $50,000 at the age of 30
01:18would lower their superannuation balance at retirement by $135,500.
01:24Economists say there's no shortage of ideas to tackle the housing crisis.
01:29Most agree on the need to build more homes, while some are calling for the political will
01:34to end tax breaks for investors.
01:35About one third of the total negative gearing deductions currently go to about half a million
01:42investors who are in the top 10% of income earners.
01:47As affordability pushes the Australian dream for many further away.
01:50Cadillac
01:51based on a 30% of income earners.
01:536.
01:54So for the final investment of the whole economy, it's already $15,000.
01:55Subject steaks
01:56and more extra money to the federal government.
01:577.
01:58From the original populations and within the bottom of the country, let them raise their option
01:59slow down.
02:001.
02:01Step 1.
02:02Step 1.
02:03Step 1.
02:04Step 2.
02:05Step 1.
02:06Step 2.
02:07Step 1.
02:08Step 2.
02:09Step 2.
02:10Step 2.
02:11Step 2.
02:12Step 1.
02:13Step 2.
02:14Step 3.
02:15Step 2.
02:16Step 4.
02:17Step 3.
02:18Step 3.
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