"I think dipping into super to purchase property is an interesting proposal, but is the situation for first home buyers really that dire? Interest rates are at a record low and even though capital value has gone up, affordability is still good in a number of state capitals.

That being said, considering the financial security and lifestyle advantage of owning your own home together with the ever increasing retirement age, using super could be a good option for people who otherwise might not be able to get onto the property ladder.

It can be a genuinely helpful and viable investment for some individuals, and depending on what percentage of superannuation is being used to fund the property, a case can be made for placing superannuation directly into property rather than in the hands of a managed fund.

I think reports that using super to purchase property could inflate the market are exaggerated. Realistically, only a certain percentage of first home buyers would consider reaching into their super to fund a property purchase and an even smaller percentage would go ahead with it. I am a big believer that all ‘true’ markets like our Australia’s property market self-regulate very well.

However, there would have to be very strict criteria around using super to purchase your first home. Like all markets, property can go up and down. To mitigate risk, I believe there would have to be lower-than-normal gearing and buyers should be obligated to hold the asset for a significant period of time.

Buying a first home can be a very daunting experience and a lot of people don't have friends and family to help them. This is why Coronis now offers every piece of the property puzzle. First home buyers can draw on our expert team who can coach them through the process and help them make wise decisions, starting with budgeting advice to save a deposit, advice on the best loan structure and where to borrow and legal advice on conveyancing."

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