Over the weekend, the Coalition unveiled its last major piece of election policy, promising a new housing scheme to allow first time home buyers to access up to $50,000 of their superannuation for a deposit.

The policy is in stark contrast to the Labor party’s shared equity housing scheme, with Prime Minister Scott Morrison touting it as a game-changer that would provide more choice for new homeowners.

However, the government’s proposition has already hit a snag, with Coalition minister Jane Hume admitting it would further drive up house prices, and super funds warning it could reduce investment returns.

Today on Please Explain, senior economics correspondent Shane Wright joins Dominic Powell to discuss the policy and what impact it might have.

Over the weekend, the Coalition unveiled its last major piece of election policy, promising a new housing scheme to allow first time home buyers to access up to $50,000 of their superannuation for a deposit.
The policy is in stark contrast to the Labor party&rsquo;s shared equity housing scheme, with Prime Minister Scott Morrison touting it as a game-changer that would provide more choice for new homeowners.
However, the government&rsquo;s proposition has already hit a snag, with Coalition minister Jane Hume admitting it would further drive up house prices, and super funds warning it could reduce investment returns.
Today on Please Explain, senior economics correspondent Shane Wright joins Dominic Powell to discuss the policy and what impact it might have.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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