Buying your first home can be a difficult experience. After all, saving up for your deposit alone can seem insurmountable. However, the Housing Industry Association (HIA) recently highlight the possibility of using superannuation funds for young families to purchase their own property.
This could be great news for anyone interested in purchasing houses for sale in Caboolture for their first home in Australia. HIA's executive director for Industry Policy and Media Graham Wolfe said that while super was traditionally for supporting retirement, owning a property could be used in much the same way over the long term.
"By enabling access to a portion of their superannuation savings, many aspirational first home buyers would be able to accumulate a deposit, secure home ownership sooner and redirect their rental payments to their own future financial security," said Mr Wolfe in a 29 July statement.
Using temporary access to your superannuation funds to purchase your first home could be the little boost needed to help you overcome the hurdle and secure a slice of Caboolture real estate for you and your family to enjoy in the long run.