We’ve heard recent reports of a certain politician suggesting buyers simply ‘earn more money’ if they want to get on the property ladder.

A housing affordability strategy targeting first time buyers is gaining some traction with MPs, offering a more viable potential solution.

A proposal to allow young people to access some of their superannuation savings if they make voluntary payments is being pushed within the Coalition, with the Federal Treasurer Scott Morrison developing a much-needed housing affordability strategy set to be announced in the May Federal Budget.

Under the plan, first time buyers would be able to access their employer superannuation contributions equal to their voluntary top-up payments, which could then be used as a deposit on a first home.

With housing affordability remaining one of the government’s most pressing issues, there is much ongoing debate about the best way to address the problem. Some senior government figures are understood to be cautious about the proposal, arguing that boosting home deposits could add inflationary pressure to an already heated market. Many industry pundits have also been voicing their concern about the plan.