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Proposal to Offset Mortgages with Super

Authors
Senator Andrew Bragg
Liberal Senator for New South Wales
Publication Date,
November 27, 2023
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November 27, 2023

The idea of Australians using their super to offset mortgages is well worth exploring.

Households are being squeezed with skyrocketing interest rates because of Labor’s economic ineptitude.

Since Labor came to power, we have seen 13 interest rate rises, with the Reserve Bank warning of more to come. But at the same time, Labor has proposed no meaningful cost of living relief.

Allowing Australians to use their super to offset their mortgages will have an immediate impact on easing mortgage stress.

In the absence of Labor adopting a contractionary fiscal policy, all options should be on the table.

Labor must abandon the Big Super talking points, and implement policies that help all Australians.

This proposal will benefit from further analysis which I will be pursuing.

[Ends]

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