The market got a little spooked recently when the Federal Government hinted that they might scrap negative gearing tax incentives I agree that changes need to made to superannuation to make it more progressive andthat the first home saver scheme be scrapped but they need to leave changes to negative gearing incentives off the table.

The First Home Saver Accounts scheme simply hasnot worked. It is too restrictive in how the funds can be used and does not account for the fact that it is hard for young people to save for a depositand be expected to invest additional funds into a super annuation scheme at the same time.Young people's super annuation guarantee payments should be channeled into compulsory savings accounts to finance house deposits because anything that encourages saving rather than spending is good for Australian right now.A house is the single biggest purchase most of uswill make in our life times and if there’s a way that we can make that easier for young Australians who want to do so, it has to be a good thing.