1 00:00:00,240 --> 00:00:02,720 Speaker 1: Last week, we spoke at length about the federal government's 2 00:00:02,840 --> 00:00:06,199 Speaker 1: first Home Buyers scheme. The expansion of the home Guarantee 3 00:00:06,240 --> 00:00:09,240 Speaker 1: scheme means that there are no income or place limits, 4 00:00:09,320 --> 00:00:12,840 Speaker 1: allowing eligible first home buyers to purchase with a five 5 00:00:12,920 --> 00:00:17,080 Speaker 1: percent deposit. Now, the scheme's been positively embraced by many, 6 00:00:17,160 --> 00:00:19,600 Speaker 1: but here in the Northern Territory there has been some 7 00:00:19,640 --> 00:00:22,840 Speaker 1: concerns raised about the six hundred thousand dollars cap. Now, 8 00:00:22,960 --> 00:00:25,480 Speaker 1: last week we heard from industry groups who asked for 9 00:00:25,520 --> 00:00:29,400 Speaker 1: the federal government to consider raising the cap, as they 10 00:00:29,520 --> 00:00:32,800 Speaker 1: have recently done in other states. Now joining us on 11 00:00:33,040 --> 00:00:36,320 Speaker 1: the line is the federal Member for Solomon, Luke Gosland. 12 00:00:36,360 --> 00:00:40,040 Speaker 1: Good morning to you, Luke. You kady, Yeah, really good, 13 00:00:40,040 --> 00:00:42,560 Speaker 1: Thanks so much for your time this morning. Now, Luke, 14 00:00:42,640 --> 00:00:45,440 Speaker 1: first off house the scheme being received in the Northern 15 00:00:45,560 --> 00:00:47,960 Speaker 1: Territory since the expansion last. 16 00:00:47,720 --> 00:00:53,120 Speaker 2: Week, Yeah, incredibly Well. As one example, we'll go one 17 00:00:54,200 --> 00:00:59,040 Speaker 2: data set here, the one eighty seven people in Dearwen 18 00:00:59,080 --> 00:01:03,800 Speaker 2: and Parmeerson under the expanded Home Guarantee scheme have got 19 00:01:03,800 --> 00:01:09,160 Speaker 2: into their first home utilizing the scheme already, and that 20 00:01:09,400 --> 00:01:13,320 Speaker 2: all those homes are obviously under that six hundred thousand 21 00:01:13,400 --> 00:01:16,720 Speaker 2: dollars median price that was chosen. 22 00:01:18,120 --> 00:01:20,240 Speaker 1: Sorry, can you just give me the timeframes on that, 23 00:01:20,280 --> 00:01:22,920 Speaker 1: because obviously the expansion of the scheme didn't kick off 24 00:01:22,959 --> 00:01:25,680 Speaker 1: till last week. But so those oney, one hundred and 25 00:01:25,680 --> 00:01:27,679 Speaker 1: eighty seventy is that sort of from when the scheme 26 00:01:27,760 --> 00:01:28,800 Speaker 1: initially began. 27 00:01:30,160 --> 00:01:34,360 Speaker 2: Yeah, I haven't got figures since it's been expanded, but 28 00:01:34,800 --> 00:01:38,680 Speaker 2: that figure will continue to go up because yeah, a 29 00:01:38,760 --> 00:01:40,640 Speaker 2: lot of people. If you have a look at the 30 00:01:40,680 --> 00:01:45,319 Speaker 2: last last weekend, for example, the houses and units that 31 00:01:45,560 --> 00:01:50,000 Speaker 2: were available, about half of them were available under six 32 00:01:50,080 --> 00:01:53,840 Speaker 2: hundred grand. The median price is five hundred and fifty 33 00:01:54,000 --> 00:01:56,840 Speaker 2: eight thousand, So all right, gone above. 34 00:01:56,880 --> 00:01:59,520 Speaker 1: Well, I just want to speak about that because week 35 00:02:00,040 --> 00:02:02,200 Speaker 1: I do just want to speak about that because we 36 00:02:02,400 --> 00:02:06,240 Speaker 1: like as of today, I've been on real estate dot com, 37 00:02:06,280 --> 00:02:10,600 Speaker 1: for example, and there are currently eight standalone homes in 38 00:02:10,720 --> 00:02:14,480 Speaker 1: Darwin and Palmerston and the Greater Darwin region at six 39 00:02:14,560 --> 00:02:16,120 Speaker 1: hundred thousand dollars or less. 40 00:02:16,280 --> 00:02:17,639 Speaker 3: I don't know how many units. 41 00:02:17,680 --> 00:02:19,880 Speaker 1: I'd have to have a look at that, but I 42 00:02:19,880 --> 00:02:22,880 Speaker 1: guess the concerns that are being raised at the moment 43 00:02:23,120 --> 00:02:26,200 Speaker 1: is that maybe we need a relook at this cap 44 00:02:26,480 --> 00:02:30,760 Speaker 1: just in light of recent data over the last couple 45 00:02:30,760 --> 00:02:34,080 Speaker 1: of months showing that you know, we fortunately I guess 46 00:02:34,080 --> 00:02:36,040 Speaker 1: here in the Northern Territory are having a bit of 47 00:02:36,040 --> 00:02:39,520 Speaker 1: a surge when it comes to you know, those prices 48 00:02:39,560 --> 00:02:40,680 Speaker 1: finally going up. 49 00:02:42,520 --> 00:02:46,600 Speaker 2: Yeah, and we will review it over time if it 50 00:02:46,639 --> 00:02:49,480 Speaker 2: looks like that first home buyers and that's what this 51 00:02:49,560 --> 00:02:53,720 Speaker 2: scheme is, helping first home buyers to get into the market. 52 00:02:53,960 --> 00:02:57,280 Speaker 2: But the median price means of all the properties that 53 00:02:57,320 --> 00:03:01,600 Speaker 2: are available half of them are or the median point 54 00:03:01,680 --> 00:03:04,280 Speaker 2: of all those properties available is five hundred and fifty. 55 00:03:04,040 --> 00:03:06,960 Speaker 3: Eight properties are we talking on the market? 56 00:03:08,160 --> 00:03:11,880 Speaker 2: So last weekend for example, I haven't got an exact 57 00:03:11,960 --> 00:03:15,200 Speaker 2: number of properties, but of all the properties that were available, 58 00:03:15,600 --> 00:03:19,360 Speaker 2: well over half were available fro under that six hundred 59 00:03:19,440 --> 00:03:25,680 Speaker 2: thousand dollars mark. The COLPNT government have been advocating for 60 00:03:25,760 --> 00:03:29,000 Speaker 2: an increase to that, and this scheme has an ability 61 00:03:29,080 --> 00:03:31,000 Speaker 2: to review it if it looks like the first home 62 00:03:31,080 --> 00:03:34,200 Speaker 2: buyers aren't getting the chance to enter the market. But 63 00:03:34,360 --> 00:03:37,560 Speaker 2: so far we can see that they are. I've talked 64 00:03:37,560 --> 00:03:40,520 Speaker 2: to different people like the master builders and others. There 65 00:03:40,520 --> 00:03:44,160 Speaker 2: are definitely some developers who wanted to increase because they're 66 00:03:44,200 --> 00:03:47,200 Speaker 2: selling house and land packages for above six hundred thousand, 67 00:03:47,560 --> 00:03:49,960 Speaker 2: but there are a lot of options both in units 68 00:03:50,080 --> 00:03:54,160 Speaker 2: and existing houses out there, and territorians that's happened. 69 00:03:54,160 --> 00:03:56,840 Speaker 1: I might take it through because I agree with you, 70 00:03:56,880 --> 00:03:58,560 Speaker 1: like by the sounds of it, and certainly by the 71 00:03:58,640 --> 00:04:00,960 Speaker 1: data that you've given us a little bit earlier this morning, 72 00:04:01,000 --> 00:04:04,520 Speaker 1: that one one hundred and eighty seven first time buyers 73 00:04:04,560 --> 00:04:06,320 Speaker 1: being able to get into the market here in the 74 00:04:06,360 --> 00:04:09,280 Speaker 1: Northern Territory. Like they're good numbers, they're really good numbers. 75 00:04:09,640 --> 00:04:12,280 Speaker 1: But over the last sort of two weeks, what we're hearing, 76 00:04:12,360 --> 00:04:14,240 Speaker 1: and to be honest with you, I'm not overly interested 77 00:04:14,240 --> 00:04:17,440 Speaker 1: in what the COLPS said in terms of raising those caps. 78 00:04:17,480 --> 00:04:19,839 Speaker 1: More what I'm interested in is what I'm hearing from 79 00:04:19,839 --> 00:04:23,040 Speaker 1: people who are wanting to enter the market and also 80 00:04:23,200 --> 00:04:25,240 Speaker 1: some that are working in the industry. So I just 81 00:04:25,240 --> 00:04:26,760 Speaker 1: want to play for you a little bit of what 82 00:04:27,200 --> 00:04:31,000 Speaker 1: Tim Lawless from Cotality had to say to us last week. 83 00:04:31,200 --> 00:04:33,640 Speaker 4: These caps were set a few months back, probably around 84 00:04:33,680 --> 00:04:35,360 Speaker 4: the middle of the year, I think, and they were 85 00:04:35,360 --> 00:04:37,880 Speaker 4: based on the median house values. But Darwin's been going 86 00:04:37,920 --> 00:04:40,240 Speaker 4: through such a rapid period of growth. It's the one 87 00:04:40,279 --> 00:04:45,040 Speaker 4: capital city where the large majority of suburbs are simply 88 00:04:45,080 --> 00:04:48,520 Speaker 4: below that that cap for houses, so it probably does 89 00:04:48,560 --> 00:04:51,320 Speaker 4: need a relook in terms of what the pricing threshold 90 00:04:51,400 --> 00:04:52,640 Speaker 4: is for this famulus and Darwin. 91 00:04:53,080 --> 00:04:55,760 Speaker 1: So that's obviously tim on the show last week. This 92 00:04:55,839 --> 00:04:57,840 Speaker 1: is a little bit of what Ruth Palmer from the 93 00:04:57,880 --> 00:05:00,880 Speaker 1: Property Council here in the Northern Territory, we had to say. 94 00:05:01,080 --> 00:05:03,640 Speaker 5: We have seen a quite a big increase in our 95 00:05:03,680 --> 00:05:06,680 Speaker 5: median house prices and our sales, a lot of interest 96 00:05:06,720 --> 00:05:10,280 Speaker 5: from those buyers, agents and investors coming in because our 97 00:05:10,320 --> 00:05:12,840 Speaker 5: rental returns up here are the best in the country 98 00:05:12,960 --> 00:05:15,240 Speaker 5: and we've seen that houses aren't even going to market 99 00:05:15,240 --> 00:05:18,360 Speaker 5: in some instances. So with this price cap it has 100 00:05:18,560 --> 00:05:21,360 Speaker 5: left the territory stuck at six hundred thousand. We probably 101 00:05:21,360 --> 00:05:23,440 Speaker 5: do need to see an increase in that because we 102 00:05:23,480 --> 00:05:25,200 Speaker 5: are seeing that nextant jump. 103 00:05:25,880 --> 00:05:26,960 Speaker 3: So what do you reckon, Luke. 104 00:05:27,040 --> 00:05:29,360 Speaker 1: I know, even based on what you've just said, it 105 00:05:29,440 --> 00:05:32,960 Speaker 1: is something that can be reviewed. When the expansion happened 106 00:05:33,040 --> 00:05:34,880 Speaker 1: last week, my understanding, he said, in some of those 107 00:05:34,920 --> 00:05:37,960 Speaker 1: other states it was looked at and that price cap 108 00:05:38,040 --> 00:05:38,640 Speaker 1: went up. 109 00:05:39,000 --> 00:05:41,200 Speaker 3: Given that more recent data. 110 00:05:41,800 --> 00:05:45,760 Speaker 1: Is it something that you'll be advocating with your federal counterparts, 111 00:05:45,839 --> 00:05:47,880 Speaker 1: the Housing Minister for example. 112 00:05:48,760 --> 00:05:54,120 Speaker 2: Yeah, definitely. Cadie will continue to track it and I 113 00:05:54,320 --> 00:05:58,720 Speaker 2: often talking to her about our housing needs in the NT. 114 00:05:58,880 --> 00:06:02,080 Speaker 2: I just make two points. One is that it was 115 00:06:02,200 --> 00:06:05,520 Speaker 2: the weekend's median house price that was five hundred and 116 00:06:05,600 --> 00:06:09,120 Speaker 2: fifty eight thousand dollars, which is obviously well under six 117 00:06:09,240 --> 00:06:10,800 Speaker 2: hundred thousand the walking. 118 00:06:10,480 --> 00:06:11,680 Speaker 3: Houses or units? 119 00:06:11,800 --> 00:06:14,599 Speaker 1: Are you talking houses, standalone houses or units? 120 00:06:16,440 --> 00:06:21,200 Speaker 2: We've just got the median house price, whether that includes 121 00:06:21,920 --> 00:06:23,760 Speaker 2: units or not, but there were a lot of units 122 00:06:23,760 --> 00:06:24,600 Speaker 2: available on it. 123 00:06:24,600 --> 00:06:27,960 Speaker 1: It does actually make a big difference, though, Luke. It 124 00:06:28,000 --> 00:06:30,640 Speaker 1: does make a big difference because if you're buying a unit, 125 00:06:30,680 --> 00:06:32,679 Speaker 1: as you and I know, you know, if you're buying 126 00:06:32,680 --> 00:06:36,240 Speaker 1: a unit, then obviously you're in a situation where you've 127 00:06:36,279 --> 00:06:39,279 Speaker 1: also got those you know, you're ongoing cosh, you've got 128 00:06:39,279 --> 00:06:41,560 Speaker 1: body corp. It could be you know, it could be 129 00:06:41,600 --> 00:06:43,960 Speaker 1: seventeen hundred dollars a quarter to two and a half 130 00:06:44,040 --> 00:06:46,359 Speaker 1: thousand dollars a quarter. Are some of the figures that 131 00:06:46,400 --> 00:06:49,560 Speaker 1: I've been being given by people who are concerned because 132 00:06:49,600 --> 00:06:52,400 Speaker 1: they really want to utilize this scheme. And I think 133 00:06:52,480 --> 00:06:55,200 Speaker 1: that's the point I want to make is buy and large. 134 00:06:55,240 --> 00:06:57,159 Speaker 1: People are saying this is a good scheme. You know, 135 00:06:57,279 --> 00:06:58,440 Speaker 1: you and I are lucky enough. 136 00:06:58,480 --> 00:06:58,839 Speaker 3: I'm sure. 137 00:06:58,839 --> 00:07:01,520 Speaker 1: Well, I'm assuming you are to own our own homes 138 00:07:01,640 --> 00:07:03,960 Speaker 1: or to have our own homes. But we're talking about 139 00:07:04,440 --> 00:07:07,760 Speaker 1: young territorians. We're talking about territorians who want to enter 140 00:07:07,800 --> 00:07:10,120 Speaker 1: the market. They're messaging me, they're saying, well, fee, we 141 00:07:10,200 --> 00:07:11,160 Speaker 1: need that cap to. 142 00:07:11,120 --> 00:07:11,760 Speaker 3: Go up a bit. 143 00:07:12,200 --> 00:07:16,360 Speaker 2: No, yeah, totally understand, Cody, and half the available homes 144 00:07:16,360 --> 00:07:20,320 Speaker 2: and units on the weekend were available for well under 145 00:07:20,560 --> 00:07:23,120 Speaker 2: that six hundred thousand dollars. We we'll keep an eye 146 00:07:23,160 --> 00:07:26,080 Speaker 2: on it. Literally, if I've. 147 00:07:25,880 --> 00:07:29,760 Speaker 1: Got messages coming through now sort of saying saying to 148 00:07:29,880 --> 00:07:34,080 Speaker 1: me that they can't there's nothing available. That there was 149 00:07:34,200 --> 00:07:37,360 Speaker 1: eight standalone houses on the weekend. Like I said, you know, 150 00:07:37,480 --> 00:07:39,760 Speaker 1: like to me, this is not an issue. It doesn't 151 00:07:39,760 --> 00:07:41,960 Speaker 1: impact me in any way. But when I've got people 152 00:07:42,000 --> 00:07:45,760 Speaker 1: contacting me saying it impacts them, what all they're asking 153 00:07:45,840 --> 00:07:48,640 Speaker 1: for from you is to go to the federal Housing 154 00:07:48,680 --> 00:07:50,120 Speaker 1: Minister and have a chat about it. 155 00:07:50,520 --> 00:07:52,960 Speaker 2: Yeah. No, I just made that pretty clear that we're 156 00:07:53,000 --> 00:07:57,080 Speaker 2: going to review it. As the data comes in, but 157 00:07:57,200 --> 00:08:02,280 Speaker 2: at the moment it's said at an appropriate price for 158 00:08:02,720 --> 00:08:06,720 Speaker 2: our situation, not based on that median price. But I'll 159 00:08:06,720 --> 00:08:09,600 Speaker 2: definitely be advocating down here for an increase. And I 160 00:08:09,760 --> 00:08:13,480 Speaker 2: hear Root's message. I've heard master Builders' message. What we 161 00:08:13,640 --> 00:08:16,320 Speaker 2: don't want to do, I suppose, is have young people 162 00:08:16,760 --> 00:08:21,040 Speaker 2: really over extend themselves and be left off with loan 163 00:08:21,120 --> 00:08:24,440 Speaker 2: of payments that they can't serve us. So we do 164 00:08:24,520 --> 00:08:27,119 Speaker 2: want to make sure that it's balanced. At the moment, 165 00:08:27,120 --> 00:08:29,480 Speaker 2: it is, and heaps of people are taking advantage of it, 166 00:08:29,760 --> 00:08:32,400 Speaker 2: and we'll track it and all right, increase it if 167 00:08:32,480 --> 00:08:32,800 Speaker 2: need be. 168 00:08:33,240 --> 00:08:34,640 Speaker 3: Lukey question just coming through. 169 00:08:35,160 --> 00:08:36,760 Speaker 1: I actually just want to take you through a couple 170 00:08:36,800 --> 00:08:39,160 Speaker 1: of listener questions because to me, that's the most important 171 00:08:39,160 --> 00:08:41,000 Speaker 1: people to hear from is those listeners, so that you 172 00:08:41,040 --> 00:08:43,160 Speaker 1: can get a better understanding of how they're feeling. 173 00:08:43,720 --> 00:08:44,640 Speaker 3: One here, High KD. 174 00:08:44,840 --> 00:08:47,920 Speaker 1: Can you ask Luke if he thinks the cap is 175 00:08:47,960 --> 00:08:51,280 Speaker 1: good considering you can't get anything rural for that price. 176 00:08:51,679 --> 00:08:53,800 Speaker 1: I don't want to live in the city, says that person. 177 00:08:55,720 --> 00:09:01,319 Speaker 2: Yeah, the rural area. I will have another look what's available. 178 00:09:01,360 --> 00:09:06,040 Speaker 2: Some people are getting properties in the rural area for that. 179 00:09:06,600 --> 00:09:11,440 Speaker 2: But it's really good feedback for taking into account the 180 00:09:11,520 --> 00:09:15,320 Speaker 2: rural areas the bigger blocks. So thanks for that feedback. 181 00:09:15,400 --> 00:09:16,320 Speaker 3: All right, another one. 182 00:09:17,760 --> 00:09:20,760 Speaker 1: All this person says, Minister, but obviously luke a listener. 183 00:09:21,920 --> 00:09:22,280 Speaker 3: Sorry. 184 00:09:22,320 --> 00:09:26,000 Speaker 1: This person said, I was really excited about the five 185 00:09:26,040 --> 00:09:29,640 Speaker 1: percent deposit scheme and had been saving hard to buy 186 00:09:29,679 --> 00:09:32,600 Speaker 1: my first home, but that's all been now soured by 187 00:09:32,600 --> 00:09:36,200 Speaker 1: the lack of homes available in Darwin under the price cap. 188 00:09:36,640 --> 00:09:39,920 Speaker 1: Add to that, the predictions that home prices will soar 189 00:09:40,080 --> 00:09:42,400 Speaker 1: due to the scheme means that I'm likely going to 190 00:09:42,440 --> 00:09:45,400 Speaker 1: miss out all together on buying a home by the 191 00:09:45,440 --> 00:09:47,880 Speaker 1: time that I've got the full five percent for a deposit. 192 00:09:49,960 --> 00:09:53,720 Speaker 2: Yeah, we're tracking it and we'll make changes to it 193 00:09:53,200 --> 00:09:57,560 Speaker 2: if it is that there's first home owners who this 194 00:09:57,840 --> 00:10:00,600 Speaker 2: is geared for aren't able to get in the places. 195 00:10:00,640 --> 00:10:03,240 Speaker 2: On the weekend, half of the properties available were under 196 00:10:03,280 --> 00:10:04,880 Speaker 2: that six hundred thousand dollars mark. 197 00:10:04,920 --> 00:10:07,560 Speaker 3: But I have a look on real estate dot Com. 198 00:10:07,600 --> 00:10:08,880 Speaker 1: If I was you, I'd go have a look on 199 00:10:08,960 --> 00:10:10,920 Speaker 1: real estate dot com and have a look at how 200 00:10:10,960 --> 00:10:13,400 Speaker 1: many are actually available under that price cap. 201 00:10:14,480 --> 00:10:16,400 Speaker 2: Yeah, people should be reading the paper as well. And 202 00:10:16,440 --> 00:10:19,040 Speaker 2: seeing what's available there. But I will get my staff 203 00:10:19,040 --> 00:10:21,640 Speaker 2: to do that and let us know how that's tracking, 204 00:10:21,640 --> 00:10:24,640 Speaker 2: and we'll keep tracking it and reviewing it as time 205 00:10:24,720 --> 00:10:27,280 Speaker 2: goes on. I just yeah, there's other examples from the 206 00:10:27,280 --> 00:10:29,880 Speaker 2: other states that you asked about. Yeah, would give if 207 00:10:29,920 --> 00:10:31,520 Speaker 2: you wanted to, But yeah, I don't know how much 208 00:10:31,559 --> 00:10:32,199 Speaker 2: time we got. 209 00:10:32,080 --> 00:10:34,200 Speaker 1: Well in what context were you wanting to give the 210 00:10:34,240 --> 00:10:35,840 Speaker 1: examples of the other states. 211 00:10:36,400 --> 00:10:40,680 Speaker 2: I just sit down in Tazzy. Real estate has taken 212 00:10:40,720 --> 00:10:43,160 Speaker 2: off down there, so I think they said it at 213 00:10:43,200 --> 00:10:47,640 Speaker 2: seven hundred. Yeah, but it seems down there that the 214 00:10:47,640 --> 00:10:52,400 Speaker 2: medium price is well over seven hundred, so there's less 215 00:10:52,880 --> 00:10:56,200 Speaker 2: than half of the properties available can be accessed on 216 00:10:56,200 --> 00:10:57,959 Speaker 2: the scheme. So I'm just trying to make the point. 217 00:10:58,000 --> 00:11:01,199 Speaker 2: I suppose that our medium prize is still well under 218 00:11:01,360 --> 00:11:05,160 Speaker 2: the six hundred. So but taking aokcount all the feedback 219 00:11:05,200 --> 00:11:08,320 Speaker 2: you've received from something that will keep an eye on and. 220 00:11:08,320 --> 00:11:11,480 Speaker 1: Review, do you reckon you might be able to look 221 00:11:11,480 --> 00:11:16,040 Speaker 1: at having those discussions and a review potentially happening? 222 00:11:16,760 --> 00:11:21,679 Speaker 2: Yeah? Can I just quickly make the point, because you know, 223 00:11:21,920 --> 00:11:25,920 Speaker 2: we'll track it over time and make changes that are 224 00:11:25,960 --> 00:11:28,480 Speaker 2: required and keep in touch with all our stakeholders and 225 00:11:28,800 --> 00:11:32,360 Speaker 2: get feedback from you and others. I'm sure, But can 226 00:11:32,360 --> 00:11:34,800 Speaker 2: I just flag something that people might not be tracking, 227 00:11:34,840 --> 00:11:38,079 Speaker 2: and that's the NT government is saying that six hundred 228 00:11:38,160 --> 00:11:41,880 Speaker 2: thousands too low, but their own home build access scheme 229 00:11:42,320 --> 00:11:45,520 Speaker 2: has got a cap of five hundred and fifty thousand dollars. 230 00:11:45,559 --> 00:11:48,280 Speaker 1: Well, I appreciate you raising that. That's something that I 231 00:11:48,320 --> 00:11:52,000 Speaker 1: can certainly ask them about as I want to make 232 00:11:52,040 --> 00:11:53,000 Speaker 1: it really clear to. 233 00:11:53,400 --> 00:11:56,560 Speaker 2: Critical I think you'd agree to have a go at 234 00:11:56,600 --> 00:11:58,920 Speaker 2: this fantastic and well performing schedule scheme. 235 00:11:59,679 --> 00:12:02,520 Speaker 1: Actually not interested in who's having to go at this scheme. 236 00:12:02,559 --> 00:12:05,280 Speaker 1: What I'm interested in is what territory ends are telling me. 237 00:12:05,360 --> 00:12:08,280 Speaker 1: And at the moment, they're really worried about that. They're 238 00:12:08,320 --> 00:12:09,319 Speaker 1: worried about. 239 00:12:09,000 --> 00:12:09,800 Speaker 3: That price cap. 240 00:12:09,880 --> 00:12:12,880 Speaker 1: So I would not be doing my job if I 241 00:12:12,920 --> 00:12:14,120 Speaker 1: didn't raise that with you. 242 00:12:15,000 --> 00:12:16,120 Speaker 3: So I think a look at it. 243 00:12:16,559 --> 00:12:19,000 Speaker 1: I reckon it's with you. So when do you anticipate 244 00:12:19,040 --> 00:12:23,160 Speaker 1: how quickly do you reckon that potentially it could be 245 00:12:23,240 --> 00:12:24,040 Speaker 1: reviewed for us. 246 00:12:25,480 --> 00:12:29,800 Speaker 2: We're going to keep tracking what it is, what the 247 00:12:29,960 --> 00:12:33,840 Speaker 2: median price is, and whether first home buyers can get 248 00:12:33,880 --> 00:12:36,760 Speaker 2: into properties or not. That's the only thing that I'm 249 00:12:36,760 --> 00:12:39,000 Speaker 2: interested in. I want to make sure that first home 250 00:12:39,040 --> 00:12:43,240 Speaker 2: buyers can get into the properties that are available. Tracking 251 00:12:43,240 --> 00:12:44,079 Speaker 2: that just. 252 00:12:44,040 --> 00:12:46,160 Speaker 1: All those stats from a little bit earlier, the one 253 00:12:46,240 --> 00:12:49,640 Speaker 1: thy one hundred and eighty seven. Is there any update 254 00:12:49,840 --> 00:12:52,439 Speaker 1: from when the expansions sort of happened last week? And 255 00:12:52,480 --> 00:12:54,880 Speaker 1: I know it's only a week, so it's really early days, 256 00:12:55,040 --> 00:12:57,600 Speaker 1: but are there any numbers on that, Like, are there 257 00:12:57,640 --> 00:12:58,520 Speaker 1: any numbers? 258 00:12:58,960 --> 00:13:01,440 Speaker 2: Yeah, as soon as that data comes in, Cady, you'll 259 00:13:01,480 --> 00:13:04,720 Speaker 2: be the first to know. I'll let you know, all right. 260 00:13:04,800 --> 00:13:06,480 Speaker 3: Luke Gosling, thanks for your time this morning. 261 00:13:08,120 --> 00:13:08,520 Speaker 2: Thank you.