Some thoughts on this policy from an economist-turned-super writer:
1) Super for housing renders some funds’ investment strategies unworkable. More than 50pc of members at Rest & Hostplus are under 35. Funds can’t invest in high-return illiquid assets if they need cash on hand. Other funds with lots of young members include Future Super (70% under 34), Australian Ethical (47%) and Cbus (41%). They will need ample liquidity available under this policy, meaning they will have to invest in lower-risk, lower-return assets to make it work.