Personally I'm not in favor of this legislation but not for the reasons of the alarmist media reports. Seriously ISA saying that 8 to 16% increase in house prices?

Not sure on what analysis, but I cannot see how a small number of house buyers who have extra cash are going to make any dent in the "overall" market. A lot of first home buyers would be lucky to have 50k in their super accounts let alone 40% of their total.

And even if it were so, it would be at the lower end of the market (likely units, certainly not properties above the median house price.

I understand a reaction to protect stakeholders, but don't be over the top.