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Speaker 1: Job Mission with Jonesy and Amanda the pub Test.

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Speaker 2: Today boom is staying in the family home. A well

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Speaker 2: located family home in Sydney has become a hotly contested price. Interesting.

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Speaker 2: The economics of how we live has changed and the

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Speaker 2: demographics of how we live has changed. It used to

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Speaker 2: be that boomers would raise their family, they would retire,

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Speaker 2: kids leave home, They downsize and a family moves into

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Speaker 2: that home so that they're near areas for work, public

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Speaker 2: transport and schools. Baby boomers are working longer, are healthier, longer,

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Speaker 2: are staying put in the family house. Are using that

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Speaker 2: these days because, as someone says, that's where I can

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Speaker 2: make more money staying in this house and having my

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Speaker 2: house as my investment than I can by putting my

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Speaker 2: money in the bank. Yeah, but we didn't buy it

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Speaker 2: Sydney our first place. We couldn't even afford to buying

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Speaker 2: Wooman Well to buy up in Brisbane. People like you now,

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Speaker 2: young families that when you first went into the property

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Speaker 2: market can't buy where they want to buy because we're

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Speaker 2: holding onto our houses too long. That's what's creating this issue. Interesting,

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Speaker 2: and it'll have economic fertility issues. A whole lot of

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Speaker 2: stuff without young families having access to housing near where

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Speaker 2: they want to be. Interesting discussion the pub test today,

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Speaker 2: boom is staying in the family home. Does it pass

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Speaker 2: the pub test?

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Speaker 1: I think it does because I'm finding my children had

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Speaker 1: to buy smaller houseplots to be able to afford their houses.

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Speaker 1: So what I find is my house becomes party thankral

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Speaker 1: for them, because their places aren't big enough to hold

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Speaker 1: a party. It does.

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Speaker 3: Because I'm twenty one years old, my parents still live

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Speaker 3: in the family home and they could potentially passed it

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Speaker 3: on to me. We don't know what the.

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Speaker 1: Family situation is as well.

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Speaker 3: If I film, my generation isn't willing to buy the

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Speaker 3: kind of fixer up a home they want to move

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Speaker 3: into something that's completely done up.

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Speaker 1: Oh they OK, they should just go out and get

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Speaker 1: their own life. Parents are to go and do it and.

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Speaker 3: Get every they got.

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Speaker 1: So I think they're got to get out of the house,

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Speaker 1: won and go get their own life? Of course it does.

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Speaker 1: Maybe the booms have got kids, the kids have got kids.

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Speaker 1: It's called green kid extended family. First of all, we're

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Speaker 1: ringing the young kids can't get into houses. Now we're

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Speaker 1: complaining the baby boomers are staying in their family home

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Speaker 1: for the young kids to buy. Come on, let's just

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Speaker 1: work there. This is just life.

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Speaker 2: It's just life. That's why young people can't get into

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Speaker 2: the house. It's because we're staying in them too long.

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Speaker 2: That's what the economists are saying.

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Speaker 1: So you're just going to give you a house to

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Speaker 1: a young couple.

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Speaker 2: No, Well, I'm part of the thing. I'm still working,

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Speaker 2: I have a child at school even though I'm nearly sixty.

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Speaker 2: This is the changing demographic, but it will have a

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Speaker 2: knock on effect. It's interesting, isn't it. Thank you for

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Speaker 2: all your calls to the pub test.

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Speaker 1: Jonesy and Amanda's