Allowing couples to take $40,000 from super would send property prices skyrocketing in all state capitals, but the impact would be most severe in Sydney, where the median property price could lift a staggering $134,000. In all cities but Hobart if a couple took out $40,000 from theirsuper, nearly all could be lost through the price hikes the increased demand.
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Treasurer confirms secret plan to cut super and force retirees to sell their family home Article
Retirees could be left with no choice but to sell their family home under a secret plan being considered by the federal government.
In a speech today the Treasurer Josh Frydenberg backed the Retirement Income Review findings that more retirees should use their savings more “efficiently” – which includes selling the family home.
The use of the “efficiency” code word is a nod to the extreme elements of the backbench that the Treasurer might follow through on their scheme to cut super.