CLANCY OVERELL | Editor | CONTACT
The man who came up with the Liberal Party’s woefully received ‘Super For Housing’ policy before losing his seat at the last election, has today plead with voters to give him his job back.
After three years of unemployment, Tim Wilson MP has been dipping into his own superannuation fund to survive.
This goes against every fibre of his moral being, because he believes compulsory superannuation funds should be spent pulling together a house deposit – not funding retirement.
But after losing his seat of Goldstein to an Independent candidate in 2022, Tim Wilson has had little to no work, unless you consider him rocking up to ANZAC Day ceremonies and still pretending that he’s the local MP to be a job.
This is an uncomfortable but ironic predicament for the returning Liberal candidate to find himself in. Given the fact that his entire political profile was built around the fact that young people don’t need their superannuation.
But he’s believed they need homes.
For years, Tim Wilson urged his party to take the housing seriously, as it became clear to him as the only Coalition MP under 50 that very few voters his own age could afford a home without a Parliament House salary.
Finally, they agreed to listen to his youthful ideas about allowing young people to access their compulsory retirement savings and instead use it to make up a small percentage of a homeloan deposit.
With average house prices in his former electorate now well over $1 million dollars, Tim Wilson insists that young people should be able to unlock up to 50k of their superannuation which would equate to 25% of an average home deposit by current lending standards.
He insists this policy won’t cause houses to suddenly cost 500,000 dollars more, when young people all suddenly have $50,000 more to inject into get the hysterical property market that is only going up.
But the policy only works if you have Super to spend. And Tim Wilson won’t have any super to spend if he keeps having to use it to fund his premature retirement!
And with the average balance for millennial men sitting at $56,715, he could be left with neither a home or any savings if he doesn’t get elected.
