Political parties ignoring elephant in the unaffordable room
Both major parties have made major policy announcements around housing and affordability but neither has addressed what most industry experts regard as the biggest issue of all.
In the week leading up to the federal election, the Liberal Party has announced two more policies around housing and superannuation.
The first was lowering the age threshold for those who could access downsizing contributions to superannuation. The second was branded the Super Home Buyer Scheme, which would allow Australians to borrow up to 40 per cent of superannuation to purchase their first home (capped at up to $50,000).For more on the p…