Offset home loans with superannuation, says Liberal

Liberal MP Andrew Bragg is proposing home borrowers be allowed to shift their superannuation balances into mortgage offset accounts to reduce the sting of interest rate rises.

As more home borrowers battle to cope with the Reserve Bank of Australia’s 13 interest rate rises and the Liberal Party struggles to attract younger voters, Senator Bragg said the Coalition’s super for housing policy for first home buyers should be extended to help existing owners with a mortgage.