Paul Keating attacks Coalition’s super for housing policy as economists warn of soaring prices

Paul Keating says the Coalition's policy amounts to a "frontal assault" on super. Photo: AAP

A Coalition plan to allow first-home buyers to use their superannuation to buy property has been slammed as a “frontal assault” on super that would light a fire under house prices.

Announced at the party’s campaign launch in Brisbane on Sunday, the policy would allow first-home buyers to use up to 40 per cent of their superannuation savings, up to a maximum value of $50,000, to help buy a home.