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Business

Stephanie Richards

UNBELIEVABLE: Paul keating attacks coalition s super for housing policy as economists warn of soaring prices | History Defined

Paul Keating Coalition Brendan Coates Saul Eslake Liberal Party Malcolm Turnbull Scott Morrison Inflation Labor New Daily

Paul Keating says the Coalition's policy amounts to a "frontal assault" on super. Photo: AAP

A Coalition plan to allow first-home buyers to use their superannuation to buy property has been slammed as a “frontal assault” on super that would light a fire under house prices.

Announced at the party’s campaign launch in Brisbane on Sunday, the policy would allow first-home buyers to use up to 40 per cent of their superannuation savings, up to a maximum value of $50,000, to help buy a home.

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