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AAP
AAP
Politics
Maeve Bannister, Dominic Giannini and Tess Ikonomou

Leaders bump heads over housing policy

Prime Minister Scott Morrison says he's not speculating about a Coalition defeat. (AAP)

Prime Minister Scott Morrison says he's not thinking of standing down after Saturday's election when asked what he would do in the event of a Coalition defeat or hung parliament.

"No, that is not something I'm contemplating because I'm not contemplating that being the scenario," Mr Morrison told the ABC's 7.30 Report on Monday night.

He said he would accept the outcome of the election as he trusted the choices Australians will make at the ballot box but he would not speculate on the result on Saturday.

"I'm focused on one thing and that's ensuring our government continues," he said.

Mr Morrison said he recognised that Austrlians wanted him to be more inclusive if he gained another term in power.

He said criticisms that he didn't take responsibility for things that went wrong, or that he lied were Labor's and not the community's.

"During the course of a crisis and a pandemic, you've got to move fast, you've got to be decisive," Mr Morrison said.

"That means sometimes you can't take everybody with you. And you don't always get everything right either."

A stoush over housing policy was a feature of campaigning on Monday with Mr Morrison denying his government's new policy to assist first home buyers would push up prices.

Earlier, Superannuation Minister Jane Hume said there would be an increase in house prices under the Coalition's housing proposal.

"I would imagine that there would be a lot of people that bring forward their decision to buy a house so I would imagine in the short term you might see a bump in house prices," she told ABC Radio National.

"But that doesn't play out the long term benefits of more home ownership, fewer people relying on rent."

Labor leader Anthony Albanese said the Coalition scheme was "desperation" and a "thought bubble".

On Sunday Mr Morrison announced first home buyers would be able to access 40 per cent of their superannuation up to $50,000 to buy a house.

In addition, a re-elected coalition would expand a scheme to encourage older Australians to downsize and free up housing supply.

Mr Morrison said the scheme was a way to help people deal with rising cost of living pressures and get them into their own homes.

"You let them use their own money," he said.

"You don't lock it away from them where someone else is in control of it ... it's theirs."

Mr Albanese said the prime minister's proposal proved he just wanted to cut people's super rather than address housing affordability.

"If you take super away from people, then you'll have higher deficits and bills from the government in the future," he told reporters in Perth on Monday.

"This is an attack on future savings, it's an attack on future generations, it's not about assisting people."

Mr Albanese said even senior Liberals had opposed the proposed superannuation policy in the past.

"The government in its desperation has come up with a thought bubble that according to itself has not been modelled (and) they have no idea what the impact will be," he said.

"Minister Hume belled the cat, (she) has said that it will put upward pressure on housing prices."

Labor's housing alternative involves a "help to buy" scheme where 10,000 low income earners would be eligible for a government equity contribution to help enter the housing market.

The Australian Institute of Superannuation Trustees said the coalition's plan would drive up house prices and undermine the core purpose of the super system.

"Using super as a deposit will drive up property prices, leaving Australians with higher debt and depleted retirement savings," the institute's chief executive Eva Scheerlinck said.

"Superannuation ... is not a piggy bank the government can open at its convenience to avoid dealing with the real systemic issues facing first home buyers."

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