Could early access to super fix our housing Hunger Games?
Is it just me, or is the Australian property market looking more and more like the Hunger Games? And I’m not talking about tenants fighting to the death for an overpriced rental – though that scenario might not be far off.
I mean the growing divide between investors hoarding multiple properties and working Australians stuck forever renting, much like how the Hunger Games’ wealthy Capitol rules over the struggling Districts, maintaining control through economic disparity.
Allowing access to our superannuation could address the growing divide between younger renters and older home owners.Credit: Dionne Gain
And just like in the dystopian tale, a significant resource – Australians’ own retirement savings – is being kept from them, when allowing people to access their superannuation could help more working Australians break out of the rental trap.
First home buyers are being further outpaced by investors. According to Australian Bureau of Statistics data, the number of new home loans to first home buyers increased by just 0.2 per cent last year, while loans to investors surged by 13.2 per cent. The trend of home ownership has only been declining since its 1966 peak, affecting © WA Today
