00:02Treating renters with a plan to make moving cheaper.
00:06Labor vowing to introduce a portable rental bond scheme,
00:10allowing tenants to transfer their bond from one property to another.
00:14It means that renters don't have to sit around waiting for their bond to be released
00:20before they can get into a new property.
00:22One less thing to worry about on the road to home ownership.
00:26It's just really hard trying to save for deposits.
00:28It's like, we're paying a fair bit in rent here.
00:31But those already in the market are the big winners out of Labor's latest stamp duty policy,
00:37offering concessions of up to $100,000 for downsizers who move into a new build.
00:41The pledge, coming less than six months after the former Treasurer,
00:45said relief for downsizers wasn't on the table.
00:48We've got to ask ourselves as a government, who do we want to help the most?
00:52People who feel like they're locked out of the housing market and can't break their way in,
00:56or people who for some years have already had the benefit of home ownership
01:00and are enjoying the massive capital gains as a result of that.
01:04The Premier denies there's been any change in the government's approach,
01:07insisting Labor's scheme is all about adding supply rather than giving downsizers a leg up.
01:13It's not an incentive to downsize, it's an incentive to move into a new build.
01:18Labor is hoping that a policy helping those who have already benefited from the property boom
01:23will pay off, but the Liberals have had their own challenges with stamp duty reform.
01:28While they initially promised to abolish the tax entirely,
01:31their policy now includes a $15,000 discount
01:35for downsizers who move into new or established smaller homes.
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