Sacha Blumen has proposed using superannuation for home deposits and was interested in how the US handles withdrawing money from the 401K which is the American equivalent of Superannuation. Tim Dunlop posted an entry on Blogocracy discussing Labor's policy for a first home buyer saving scheme. I do not like the first home grant at all and a separate saving scheme seems complex when most people already have a mandated default saving scheme in Superannuation. In the United States you can withdraw or borrow money from your 401k. (more)
