There’s a renewed push to allow first homebuyers to use their superannuation savings as security for their home loans – but a prominent financial adviser says it could be a dangerous option.

It was one of 16 recommendations made by a parliamentary inquiry into tax and revenue – designed to help improve housing supply and affordability.

The committee also recommended states should get rid of stamp duty, in favour of a land tax.

Director of Knight Group Jason Featherby told Perth LIVE, people who can’t save enough of a deposit to begin with – should be cautious.

“I think we all understand and expect interest rates to increase substantially in the next couple of years, so there’s some danger in not thinking this through properly,” he told Oliver Peterson.

“I think it’s just a giant pool of money that politicians and first homeowners and other people in different situations see that they can’t get it for 10, 20, 30 years, and so it’s tempting to get your hands on it.

“But there are problems with that. If you use your super early, then you’re going to be disadvantaged potentially when it comes to retirement time.”

Press PLAY to listen to the full interview on Perth LIVE