OPINION: Making it worse, but not for all

DEAR News Of The Area,

THE Coalition’s latest contribution to the housing crisis allows people to sacrifice their super savings in order to enter into the housing market.

Like every first home buyer scheme before it, it will effectively increase demand without addressing the underlying problem of supply.

There are enough economists in the Government for them to be aware that increasing demand will lead to further price increases which will negate any program aimed at helping first home buyers.

Superannuation minister Jane Hume has admitted as much (Radio National May 16).

So when you vote on Saturday, and when you lay awake wondering how your children will ever be able to afford a home, be sure to ask yourself: in whose interest is the coalition actually working?

Regards,
Marcus ROCK,
Coffs Harbour.

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