In rare accord, a conservative senator, the Greens and a former Labor prime minister have conclusively knocked back a superannuation solution to housing affordability.
The government is toying with the idea of allowing first-time home buyers to dip into their superannuation as a housing affordability solution.
“Want to know what I agree on with the Greens?” Senator Bernardi said.
“Using superannuation is one of the dumbest pieces of public policy I’ve ever seen.”
It was a policy proposal that former Labor prime minister Paul Keating had labelled “irresponsible”.
Critics say the proposal to allow home buyers to access to their superannuation is unfair for young people and could potentially drive up prices.
Greens senator Nick McKim said he was on a unity ticket with Mr Keating on the policy.
“This would be ripping out one of the foundation stones of superannuation in Australia. It is actually one of the stupidest public policy ideas I’ve heard for some time,” he said.
Originally published as Strange bedfellows against super solution