Abbie Chatfield has delivered a fiery rant, attacking federal Liberal leader Peter Dutton over his housing policy.
The 29-year-old Fboy Island star slammed the opposition leader’s proposal that Australians can use up to $50,000 of their super funds to buy their first home.
They will then eventually have to return the borrowed funds to their super.
Taking to her Instagram on Thursday, Abbie threw shade at the plan in a lengthy video in which she criticised Dutton’s policy as one that will see ‘the rich get richer’ while everyday Australians would be left behind.
‘Don’t be fooled! This is NOT a policy that will benefit everyday Australians in the long run,’ Abbie said in the caption.
‘Accessing your own retirement fund is NOT financially sound, and a policy like this will only result in increased housing prices, which will result in higher economic inequality.
‘The rich will get richer while you take away from your own retirement security.’
She also included a caption on her video that read: ‘Even if you hate me please watch this video. The Liberals don’t care about the economic struggles of the average Australian.
‘Peter Dutton is exploiting your lack of financial literacy.’
In the accompanying clip the high-profile media celebrity sought to shed light on what she thought were the major flaws in Dutton’s scheme.
‘Peter Dutton is exploiting your lack of financial literacy and your desperation to own a home in this next election with this new policy that he has put forward and please don’t get tricked by it, okay?’ she began.
After outlining the scheme, Abbie concluded: ‘The issue is that’s not going to help you or the housing market.’
Abbie’s point was that first homebuyers would lose daily interest for as long as it takes them to repay their super loan.
‘There’s also a chance that house prices could go into decline,’ she added.
Abbie said that some first home buyers may be vulnerable to other market forces that the scheme does not properly account for.
‘You may make a bad purchase,’ she suggested.
‘If you buy a property and you sell it for less than what you bought it for you still have to put that money back into your super account.’
Elsewhere, Abbie outlined her belief that the policy would only benefit the already well off.
‘They [LP] want people who are on the higher economic end of the scale in Australia to earn more money. The rich will get richer with these policies,’ she said.
‘Property owners will earn more money because the housing prices will inevitably go up if everyone who wants to buy a house the first time can access their super,’ she said.
She concluded: ‘And the only people who will pay for it is you. Please learn about these policies a bit more. [Dutton] is tricking you and counting on you not knowing the repercussions of these policies.
‘Even if you hate me please look into it.’
Abbie’s fans were quick to support her take on the opposition leader’s proposal.
‘All I can think of it took me ages to even build up my super to $50,000 from when I started working then I’ll have to do it all over again in future? Nah,’ commented one fan on the post.
Added another user: ‘But the idea people should even have to access their retirement funds just to get into the housing market is sick. Either which way they gonna f*** you up at either stage of your working life.’
‘This incredible woman not only graduated, but graduated with honours. She knows what she is taking about. Take a seat,’ gushed another fan.
Abbie’s comments come after Dutton’s scheme has been widely criticised by the government, the Greens, super funds and economists.
