THE Australian housing industry did not find the boost it had hoped for in the Australian budget but the burden it had most feared was also missing.
Despite an intensive campaign by the Real Estate Institute of Australia (REIA), the government did not implement its election promise to allow all Australians access to the superannuation for use as a home deposit.
Instead, it said access would be limited, with the conditions under which withdrawals would be allowed yet to be determined.
It plans a series of industry consultations to ensure the funds released are ''appropriately targeted''.
REIA president Grahame Werrell, was disappointed at the decision, accusing the government of reneging on its undertaking.
Mr Werrell also said the budget was bad news for homebuyers because it signalled the bottom of official interest rates, with its indirect tax increases to push inflation up and the current excellent affordability levels unlikely to continue.