1
00:00:00,920 --> 00:00:02,880
Speaker 1: This is jam Nation with Jones.

2
00:00:04,760 --> 00:00:06,600
Speaker 2: The Jones in matter arms for the pub Test and

3
00:00:06,640 --> 00:00:09,680
Speaker 2: today let's talk about the first home buy a choice.

4
00:00:09,720 --> 00:00:11,640
Speaker 3: The first Home by a Choice has just passed its

5
00:00:11,680 --> 00:00:14,240
Speaker 3: legislation in New South Wales Parliament. We are going to

6
00:00:14,240 --> 00:00:17,640
Speaker 3: be talking to the Premier Dominic Perite next. But this means,

7
00:00:17,880 --> 00:00:20,759
Speaker 3: for the first time in Australia, first home buyers are

8
00:00:20,800 --> 00:00:24,239
Speaker 3: given a choice between paying a smaller annual amount a

9
00:00:24,320 --> 00:00:29,320
Speaker 3: land tax versus the stamp duty which is so hard

10
00:00:29,360 --> 00:00:31,000
Speaker 3: to come up with, as well as you deposit and

11
00:00:31,000 --> 00:00:32,680
Speaker 3: all of that when you move into a new home.

12
00:00:33,080 --> 00:00:36,360
Speaker 3: There seem to be lots of pluses for it. Some

13
00:00:36,400 --> 00:00:39,000
Speaker 3: people are saying, though, against it is that this just

14
00:00:39,080 --> 00:00:41,040
Speaker 3: hovers over you. Easy to pull the band aid, do

15
00:00:41,120 --> 00:00:43,960
Speaker 3: it all at once. It just seems a bit unknown.

16
00:00:44,680 --> 00:00:46,680
Speaker 3: How do you feel the first Home by a choice?

17
00:00:46,720 --> 00:00:47,680
Speaker 3: Is it past the pub test?

18
00:00:47,760 --> 00:00:50,000
Speaker 4: Yes, it does, It does pass the pub test. I

19
00:00:50,040 --> 00:00:53,000
Speaker 4: think if you can savors you know as much as

20
00:00:53,040 --> 00:00:55,360
Speaker 4: you can, and if you're going to get a helping hand,

21
00:00:55,400 --> 00:00:57,160
Speaker 4: I think that's the best option. If you're going to

22
00:00:57,160 --> 00:00:58,000
Speaker 4: buy your own home.

23
00:00:58,000 --> 00:01:00,280
Speaker 5: And I don't think so. I think the option should

24
00:01:00,280 --> 00:01:02,360
Speaker 5: be available for everyone playing a home.

25
00:01:02,640 --> 00:01:05,280
Speaker 1: I reckon it does. But what I'd like to know

26
00:01:05,480 --> 00:01:08,120
Speaker 1: is if somehow you come into money, like an inherits

27
00:01:08,200 --> 00:01:10,319
Speaker 1: or whatever, and then you can pay the stamp duty,

28
00:01:10,480 --> 00:01:11,880
Speaker 1: are you allowed to swap.

29
00:01:11,640 --> 00:01:17,200
Speaker 4: Back or double a sword? Away, guys, the government's going

30
00:01:17,280 --> 00:01:17,840
Speaker 4: to pick you all