Luke Howarth (Petrie, Liberal Party, Shadow Assistant Treasurer) Share this | Link to this | Hansard source

In his budget-in-reply speech, the Leader of the Opposition, Peter Dutton, recommitted to assisting first home buyers access their superannuation through the super homebuyer scheme. The super homebuyer scheme will allow first home buyers to invest up to 40 per cent of their superannuation, up to a maximum of $50,000, to help purchase their first home. This would allow your super to work for you and assist with the purchase of your first home; it would then be returned to your super at a later date, achieving the best of both worlds: home ownership and retirement security. This scheme would help young Australians get into their first home sooner and live the Australian dream of owning their own home. I think this is a great opportunity for people—particularly for those between 23 and 39 who haven't purchased their own home yet.

Labor and the Greens will never support this scheme. They didn't support the First Home Super Saver Scheme either. It will be only a coalition LNP government that will bring this scheme in. The coalition is committed to putting Australians in charge of their future with their own money. It's your money. It's not the government's money. Only a federal coalition government will give this extra lever to Australians, if we are successful at the next election. Whenever in May the federal election may be, I urge all young Australians to support the coalition in order to make this scheme a reality.