'The Financial Bloke' Ben Law Goes Through Pros And Cons For First Home Buyers Who Are Considering Dipping Into Their Superannuation

It could come at a cost down the track


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Ben Law 'The Financial Bloke'

Former financial advisor and host of 'The Financial Bloke' podcast, Ben Law, spoke to Tammy Barker & Bodge on Triple M Cairns Wednesday morning, after an announcement by Prime Minister Scott Morrison earlier in the week, stating that first home buyers could dip into their superannuation for a house deposit.

"Really low interest rates have hurt first homers is because it's pushed the value of houses up," Ben said.

"There's a whole lot of things the government can do to try and bring down the cost of houses or at least stabilise them a little bit for first home owners other than raiding the future piggy banks of the young people and, what I worry about with this, is this is potentially fixing a problem for some people at the moment but it's potentially kicking the problem or kicking the can down the road to retirement."

Hear the full chat below.

18 May 2022




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