NOTE: Video sponsored by the ACTU

Key points

  • It would make house prices increase by more than the maximum amount people could withdraw
  • It would cost the government $1 trillion in the long run
  • It would leave people with $200k less in retirement savings
  • It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal
  • alansuspect
    link
    fedilink
    arrow-up
    13
    ·
    1 month ago

    I think politicians should be banned from owning multiple properties. It’s a huge conflict of interest.