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Joe Hockey raises prospect of first home buyers using super to enter property market; Joe Hockey's plan for early access to super appeals to the young and the Greens
Topic Started: 6 Mar 2015, 06:31 PM (10,957 Views)
stinkbug
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Using super to buy a home is nuts.
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While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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hoofarted
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stinkbug
2 Sep 2015, 12:37 PM
Using super to buy a home is nuts.
Why? Because there is nothing in place to FORCE someone to access the equity when they need it? That can easily be done also, the repayment of the super contribution on sale could be arranged... After all, house prices only ever go up. Right?
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stinkbug
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hoofarted
2 Sep 2015, 12:56 PM
Why? Because there is nothing in place to FORCE someone to access the equity when they need it? That can easily be done also, the repayment of the super contribution on sale could be arranged... After all, house prices only ever go up. Right?
Using super is a demand issue. Property prices are a supply issue.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Dean.Collins
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Gunner
6 Mar 2015, 06:31 PM
I reakon this will prop up the property market for another couple of decades. Buy now people! Dont miss the boat again!
As a property investor....this is the stupidest move since the home owners grant that saw properties jump 20k overnight.....

How did these guys become politicians?
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stinkbug
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Dean.Collins
4 Sep 2015, 11:15 PM


How did these guys become politicians?
Most of them couldn't cut it in the private sector.
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While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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createdby
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How will they implement this? Is the super only for the deposit? Or will the weekly/monthly super payments from employers be used for mortgage payments?

If it's the latter, say bye bye to the Australian stock market.
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Loki
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stinkbug
5 Sep 2015, 10:34 AM
Most of them couldn't cut it in the private sector.
Pretty much describes everyone in Canberra.


“Talk sense to a fool and he calls you foolish.” - Euripides
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stinkbug
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Loki
5 Sep 2015, 02:55 PM
Pretty much describes everyone in Canberra.
Having worked with both government and private sector clients, it would be fair to say that the level to which these people are driven is the main difference. Most private companies have their share of lazy and useless humans, same as the public service. The difference is that management shouts more loudly in the private sector.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Massive
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Dean.Collins
4 Sep 2015, 11:15 PM
As a property investor....this is the stupidest move since the home owners grant that saw properties jump 20k overnight.....

How did these guys become politicians?
it will increase the net worth of themselves, their family and their buddies whilst neatly packaged in a veil of false concern for younger australians doing it tough..

its a political win in the short term and makes them money mid-long term..
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Loki
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stinkbug
5 Sep 2015, 05:25 PM
Having worked with both government and private sector clients,
In Canberra?
Quote:
 
Most private companies have their share of lazy and useless humans, same as the public service.
Tends to be correlated with the number of employees in the organisation.
Quote:
 
The difference is that management shouts more loudly in the private sector.
The difference is that failure has consequences in the private sector. Even in Australia.

The private sector in Canberra is not really like the private sector elsewhere though. For a start, most of their clients are government departments. I knew a guy who ran 3 restaurants in Canberra and never paid any tax, and the government knew he didn't pay any tax. I heard third-hand there was some "under the table" deal between the government and small business in Canberra to keep them there servicing the (largely useless) population's needs, but I never got verification of that rumour.


“Talk sense to a fool and he calls you foolish.” - Euripides
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