Young couples would struggle to scrape together a 20% deposit for a home in Sydney or Melbourne even if they were allowed to completely drain their super, new research by super funds has revealed.
Research by the Association of Superannuation Funds of Australia casts doubt on Coalition plans to expand its super for housing policy by finding that of couples aged 25 to 34 in Sydney, even those in the highest income decile, could not raise more than $150,000 from super for a 20% deposit on the median apartment.
