Super regret hits millions as first-home buyers face $20,000 deposit shortfalls

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First-home buyers are arriving at brokers up to $20,000 short of the deposit they need, as new research reveals millions regret accessing super early. Australians say they have used super towards home deposits, while brokers report first-home buyers arriving up to $20,000 short of what they need. A new Finder survey of 1011 respondents found 24 per cent had accessed their superannuation before retirement for any reason, with 43 per cent of those regretting the decision. Finder estimated that equated to about 2.2 million Australians who wished they had left their retirement savings untouched, while another 11 per cent said they were considering early access.RELATED: Aus 7-Eleven could score owner a $6m+ payday Shock $6.5m Piastri move revealed Wild ’70s ‘Vegas bathroom’ stars at retro reno Four per cent of respondents said they had taken money from their super to help fund a house deposit. The research did not distinguish whether those respondents had used the First Home Super Saver scheme or accessed super under another eligible condition. Medical expenses were the most common reason for early access, cited by 9 per cent of respondents, while another 9 per cent selected other reaso...

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