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AAP
AAP
Politics
Kat Wong

House prices may surge if buyers use super for deposits

Housing affordability is arguably Australia's biggest social problem, an economist told an inquiry. (Dan Himbrechts/AAP PHOTOS)

House prices could surge by as much as $86,000 in some Australian capitals if aspiring homebuyers use their superannuation to put down a deposit.

Under the federal opposition's housing proposal, Australians could withdraw up to 40 per cent of their retirement savings - to a maximum of $50,000 - to buy their first home.

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