Ian Verrinder

They've gone out on a limb to try and turn back some of the inequities that

to roll those back to ensure that younger people do feel like they are included and that they will be getting some kind of relief at some stage in the future.

It's not going to be an easy path.

Now, you could ask, why the grandfathering?

Why not just do it all at once and get it out there and make property cheaper?

Well, to do that, it's much easier for the economy to handle and for banks if prices are going up.

You know, everybody loves making money.

But winding it back could result in a big dumping of property by investors, which could really force the price of property down, which would make some people put them really underwater.

And it would put strains on the banking system.

So there's a lot of unintended consequences that could result from that.

So as a result...

You know, they've had to go in and try this, do this grandfathering thing to try and ensure that it's a relatively smooth transition.

But a lot of economists out there say this is not the way to go.

You should just introduce it and go for it.

Well, I've been surprised that there hasn't been more, you know, just from the general population, more of an outcry at this, given the extent to which Labor was defeated in 2016 and 2019 on these very proposals.

Thanks, Sam.

Yeah, cheers.