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
  • ephemeral_gibbon
    link
    fedilink
    arrow-up
    7
    ·
    1 month ago

    Make it so that interest on money borrowed against residential real estate can’t be declared as a business loss then. That’ll also make speculating housing investment funds a bad idea