Angus Taylor has said he is not supporting a proposal by Liberal Party member Andrew Bragg, who suggested that first-time home buyers could use their superannuation savings as collateral for a mortgage. Superannuation is a mandatory savings system in Australia, where employers contribute a percentage of an employee’s salary into a fund that is meant to support them in retirement. Bragg, who is the shadow housing minister, mentioned on ABC radio that the idea would allow people to use their retirement savings to either pay off a mortgage or help secure a loan for their first home. He suggested that the money could stay in the system as a form of security or be withdrawn to reduce the amount owed on a mortgage. Richard Marles, currently acting as prime minister, criticized the idea, calling it part of a broader "wholesale attack" on the superannuation system by the Coalition. Taylor clarified that the proposal under discussion was not an official policy of the Coalition and that they would provide more details on their housing strategy soon. Bragg, who has previously made controversial remarks, such as suggesting a reduction in net overseas migration, has stirred debate within the party, which has yet to finalize its position on the issue. Marles emphasized the importance of the superannuation system, which holds over $4.8 trillion, in ensuring financial security for Australians in retirement. This comes after a recent report highlighted the challenges of funding the needs of an aging population. He accused the Coalition and One Nation of undermining the super system. Meanwhile, Peter Tulip, an economist, argued that using superannuation as collateral for a mortgage could be more effective than the existing First Home Guarantee scheme, which allows buyers to secure a loan with a smaller deposit. However, he warned that such a policy could drive up house prices and worsen affordability in the current housing market. Matthew Bowes, from the Grattan Institute, questioned whether the policy would benefit those most in need of housing support. He noted that younger Australians with low incomes have seen the biggest decline in home ownership and are least likely to have significant superannuation savings. Bowes suggested that the policy might help some, but it wouldn’t address the core issue of a shortage of affordable homes in popular areas. In a recent speech, Bragg clarified that the ideas he proposed were not official Coalition policy but were being considered as part of a broader discussion on housing options.