With the Federal Election fast approaching, you’ve probably heard A LOT of noise around stuff like climate change, international security, and aged care funding…
But as a property investor, you’re probably wanting to know:
What do the parties’ property policies mean for you!?!
We’ll be breaking down and comparing Liberal’s Access to Super policy and Labour’s Help to Buy (Shared Equity) policy and answering: How do they fit into the big picture?!?
- Will either policy help Australia’s economy?
- Will dipping into your Super help or hinder future wealth creation?
- And which demographic of people will benefit from which policy? (Plus, LOTS MORE)
We’ll also be covering Liberal’s existing policies and turning the mic over to…our listeners!! Yesterday we asked our Facebook Tribe for their questions around both parties’ property policies and MAN we were blown away!!
You guys gave us a run for our money (A big thank you to everyone who left us a question!!), and we’ve now got a fantastic lineup of Q’s that we reckon a lot of you are probably wondering too!
So if you’re ready to get up to date with this year’s property policies and what they mean for YOU, then tune in now!!
👇 Full list of questions below!! 👇
Questions we Answer
Q1) James Watson:
“Am I missing something? I genuinely can’t see the benefit of the super housing policy. If you have a 5% deposit, if you qualify for and can service a loan, you will be far better off paying mortgage insurance than gutting your superannuation. Further, if you have a 5% deposit and you have the full $125,000 in your super and you borrow the maximum $50,000 and you’re looking to buy something at around 650-700,000 (ie. you’re not in a capital city), you will still have to pay LMI. So what is the point of this? Seems it will simply drive house prices up”
Q2) Marc Hooper
“Would the LNP be better using Super as collateral against a loan rather than taking it out? Super should be for retirement.
I feel taking super money out prematurely is bad policy.
Are they trying to give us all higher interest rates? These policies will increase housing prices feeding inflation and giving RBA the need to raise rates. Do you feel that will lead to higher inflation and maybe rates?
Love the ALP policy as is. But feel it will feed into inflation. So ill timed.”
Q3) Svend Petersen
“I reckon the LNP may have just lost the election with this dumb idea. Let’s fix the housing supply problem by increasing demand??? WTF?”
Q4) Matty Tippowicz
I think both policies are very poor ideas, especially Labor’s. Who the hell would want the government owning 40% of their property?
Q5) Michael In-ski
I’m a 32 year old professional. My super sits at about 40k today. I don’t know if anyone else is in the same boat as me but doesn’t seem like it’ll get me anywhere. Question: who will benefit from accessing super? Average Age, professions etc
Q6) Emma Benic
What’s to stop someone selling the property, blowing all the cash and then needing the aged pension?
Will they put stops in place that force funds to go back in to super? Or has this been overlooked?
Q7) KeLee Gee
Access to super: will this be within the current SMSF route?
Share equity: can people buy out the govnt share of their property?
At what point the agreement ends? Death? Forced sale or refinance in certain timeframe?
Both schemes: What are the limitations to type, location, age, condition of the property?
Q8) Graeme Ash
With shared equity, do you have to pay out their percentage on sale? Once again it would leave them short to make the next step on their journey.
Free Stuff Mentioned…
- Read Matt Comyn, CEO of Commonwealth Bank’s interview with the Financial Review (From Ben’s “What’s Making Property News?”)
- Read Liberal’s Super Policy media announcement here.
- Read Labour’s Help to Buy Policy media announcement here.
- Want to be part of our Facebook Tribe? Simply click here and click the follow button to be of the community!
- Check out our chat with Evan Lucas in Episode 389 | Interest Rate Rise: What this means for YOU!
Here’s some of the gold we cover…
- 3:54 – Don’t fall into the trap of S___ P____!
- 6:40 – We reckon you should be viewing property policies like THIS…
- 9:05 – What is the Super Policy!? (Plus an explanation + history lesson on what Super is)
- 15:00 – What we think about the Liberal’s Super Property Scheme!
- 20:44 – The Older Australians Downsizing Policy (aka. What Ben calls “a golden handshake”!)
- 24:50 – What are the Liberals’ other Property Policies?
- 27:56 – Labour’s “Help to Buy” Property Policy explained
- 31:00 – Why you shouldn’t panic over policies “causing” Inflation (The numbers don’t lie folks!)
- 35:34 – Labour’s other policies + Wrap!
- 36:25 – YOUR Q&As: Q1 – What’s the benefit of the Liberal’s Super Policy?! (Ben runs a pretty cool simulation here!)
- 47:42 – Q2 – Will it lead to higher Interest Rates??
- 50:30 – Q3 – Impacts on Housing Supply & Demand
- 51:54 – Q4 – Who wants the Gov owning 40% of their property?!
- 52:25 – Q5 – WHO will benefit from the Super Policy?
- 53:24 – Q6 – What’s to stop someone blowing all their Super & living off the aged pension?
- 54:47 – Q7 – Self Managed Super Funds & Buying out the Gov’s share of equity
- 57:59 – Q8– Paying out the percentage of the sale
- 1:01:05 – Our top takeaways!
- 1:05:38 – Listen to this if you’re not a fan of the Super policy!
- 1:07:37 – 2 election lifehacks in 1 episode?!
- 1:09:40 – Let’s just take a moment to look at the Big Picture folks!
- 1:10:38 – A summary of Matt Comyn, CEO of Commonwealth Bank’s interview with the Australian Financial Review