Latest / She's On The Money / Money Talk With the Prime Minister: Anthony Albanese on Housing, Childcare and the Cost of Living Squeeze

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Money Talk With the Prime Minister: Anthony Albanese on Housing, Childcare and the Cost of Living Squeeze · She's On The Money

• 0:00
  Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations
• 0:03
  Speaker 1: woman and I'm here to acknowledge country t Glenn Young
• 0:07
  Speaker 1: Ganya Niana, Kaka yah Ya bin Ahaka nian Ar gay
• 0:11
  Speaker 1: In Mbina yakarum jar dominyamiga Umagahawakaman damon imlan Wumba bang
• 0:17
  Speaker 1: Gadabomba in and now in wakah ghana on yakraum jar Watnadaa. Hello,
• 0:22
  Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
• 0:26
  Speaker 1: We thank acknowledge and respect the Aberiginal people's land that
• 0:29
  Speaker 1: we're gathering on today. Take pleasure in all the land
• 0:32
  Speaker 1: and respect all that you see. She's on the Money
• 0:35
  Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,
• 0:42
  Speaker 1: knowledge and resources for you to thrive.
• 0:45
  Speaker 2: She's on the Money.
• 0:47
  Speaker 3: She's on the Money.
• 1:08
  Speaker 4: Hello and welcome to She's on the Money, the podcast
• 1:11
  Speaker 4: that's here to give Australia's finances a glower.
• 1:14
  Speaker 3: Now, that wasn't bad, but given you intro, it means
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  Speaker 3: that I now get to ask all of the perfect questions.
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  Speaker 3: So I hope you're ready for that, my friends. I
• 1:23
  Speaker 3: am your host, Victoria devine and you did hear that
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  Speaker 3: voice correctly. I have somehow convinced the Prime Minister of
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  Speaker 3: Australia to join us for a very special episode of
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  Speaker 3: She's on the Money. A very big welcome to you,
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  Speaker 3: mister Prime Minister, or am I allowed to call you Albo? Absolutely,
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  Speaker 3: just so everyone knows Parliament is actually sitting at the moment,
• 1:43
  Speaker 3: which for me is a big moment. You tend me
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  Speaker 3: is absolutely screaming. So if you hear any bells during
• 1:49
  Speaker 3: our chat, that might mean our friend Albo has to
• 1:51
  Speaker 3: run off and vote, which is actually very cool. But
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  Speaker 3: before we dive into the nitty gritty and we're going
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  Speaker 3: to talk housing, we're going to talk women's health, We're
• 2:01
  Speaker 3: going to just talk a lot about things that impact
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  Speaker 3: my community specifically, because, like Mayky, while the sun is shining,
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  Speaker 3: one of my favorite parts of my community is our
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  Speaker 3: ability to share our money stories. So money stories are
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  Speaker 3: those deep seated thoughts, feeling, beliefs, and values that you
• 2:17
  Speaker 3: have around money. And I wanted to ask you what
• 2:20
  Speaker 3: is your earliest memory of money?
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  Speaker 4: Oh? Gee, well, I grew up with probably people know,
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  Speaker 4: with just myself my mum and she was on a
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  Speaker 4: single parent and then became an invalid pensioner. And she
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  Speaker 4: was fantastic with money. She did something that will not
• 2:42
  Speaker 4: be familiar to many of your listeners of your age
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  Speaker 4: and younger. But you used to go to the post
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  Speaker 4: office and you had these little booklets and you'd buy
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  Speaker 4: literally postage stamps and you put them in the book
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  Speaker 4: to pay then your telecom as it was then built,
• 3:00
  Speaker 4: or gas bill, or your electricity bill in these little
• 3:04
  Speaker 4: literally paper folders. So that way when every pension came
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  Speaker 4: in every fortnight, she would put money either in envelopes
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  Speaker 4: for the rent or for the various bills that would
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  Speaker 4: come in.
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  Speaker 3: So she had an envelope budgeting.
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  Speaker 4: She had a complete system every fortnight. She was extraordinary.
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  Speaker 4: So we never had any money. Money was really tight,
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  Speaker 4: and so she would budget though, so that we never
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  Speaker 4: went without food or essentials. We didn't have any luxuries exactly.
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  Speaker 4: Was so she taught me. I'm very frugal and she
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  Speaker 4: very much taught me the value of money and what
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  Speaker 4: it was like growing up like that. I still people
• 3:59
  Speaker 4: will laugh at me because I will do my points
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  Speaker 4: at the supermarket and will look for I will buy
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  Speaker 4: the dog food for Toto will buy it when it's
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  Speaker 4: on special things.
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  Speaker 3: Sorry, that's really important.
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  Speaker 4: So I'm completely still focused like that as part of
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  Speaker 4: my upbringing. But Mum, when she died at age just
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  Speaker 4: sixty five, and she had a pretty tough life, she
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  Speaker 4: was spent at the end of that. But when she died,
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  Speaker 4: she was actually ahead in her Meyer's card because she
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  Speaker 4: would also pay everything in our house came from Grace Brothers.
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  Speaker 4: Broadway was the supermarket and the departmental store and everything,
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  Speaker 4: but then became Meyers later on, so any goods that
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  Speaker 4: she had to buy would have been got on layby,
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  Speaker 4: and she was ahead. Meyers owed her money about thirty
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  Speaker 4: dollars and she was ahead about four weeks in her
• 5:03
  Speaker 4: rent to the New South Wales housing department as well.
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  Speaker 4: She was extraordinary that she was able to do that.
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  Speaker 4: And she'd also put aside a little bit of money
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  Speaker 4: every fortnight for gifts or for extras, for if any
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  Speaker 4: of the kids in the neighborhood were having a birthday,
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  Speaker 4: they'd get just a little something. It might have just
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  Speaker 4: been a chocolate or something.
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  Speaker 3: But she sounds so nice.
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  Speaker 4: Yeah, she was an amazing woman who also had an
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  Speaker 4: incredibly tough life but never complained about anything at all,
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  Speaker 4: and never asked for anything, and would always when we'd
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  Speaker 4: see the red shield appills. She liked the Salvos in particular,
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  Speaker 4: and she would always say, you always have to give money.
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  Speaker 4: It was before the big issue was around. She would
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  Speaker 4: have been the person who would have always bought a
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  Speaker 4: even if it was her last ten dollars. She would
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  Speaker 4: have kicked in to make a difference.
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  Speaker 3: I love that, and I feel like there is a
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  Speaker 3: theme in your life of very strong women.
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  Speaker 4: There is.
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  Speaker 3: I'm going to pivot a little bit and hopefully you'll
• 6:15
  Speaker 3: let me talk about Jody. You are getting married later
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  Speaker 3: this year to a woman that I very much admire.
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  Speaker 3: She's worked in finance for a very long time, and
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  Speaker 3: I want to know what have you learnt from living
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  Speaker 3: with a very strong woman, being brought up by a
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  Speaker 3: very strong woman about I guess, the value of money
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  Speaker 3: and what that looks like. Because you're coming from a
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  Speaker 3: place that I think is incredibly reflective of the average Australian.
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  Speaker 4: My mum was really about personal relationship that we had,
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  Speaker 4: in the relationship she had with neighbors. Jodie is someone
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  Speaker 4: who's very passionate about superannuation, about financial security.
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  Speaker 3: I think we'd get on.
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  Speaker 4: You and Jody are a match made in heaven.
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  Speaker 3: Oh well, I'm sorry to tread on your time.
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  Speaker 4: No question about that, having read your pieces as well,
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  Speaker 4: and I know she does follow you, so's she's quite
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  Speaker 4: excited about me doing this podcast.
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  Speaker 3: Actually is going to have to stop.
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  Speaker 1: She is.
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  Speaker 4: So she's someone who's worked in banking and finance for
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  Speaker 4: a long period of time. She is passionate about making
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  Speaker 4: a difference, particularly for people who need that financial security
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  Speaker 4: es central service workers, and she's worked as well, through
• 7:35
  Speaker 4: a couple of superannuation companies at affordable housing for essential workers.
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  Speaker 4: And she's very creative in how she engages.
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  Speaker 3: And do you think that that has helped you in
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  Speaker 3: or helped inform you on the way that you create
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  Speaker 3: and think about policy.
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  Speaker 4: It has, But we we're careful as well to not
• 7:55
  Speaker 4: talk about any detail of her work in general. Of course,
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  Speaker 4: So when I was raised, but there was just me
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  Speaker 4: and my mother, and I've always been very passionate about
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  Speaker 4: gender equality and that is so important, and that's I
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  Speaker 4: think been one of the things that I hope at
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  Speaker 4: the end of my period in office that people will
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  Speaker 4: look back and say, wow, you know, that's something that
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  Speaker 4: a difference was made, whether it be in representation. Now,
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  Speaker 4: majority of the Cabinet, majority of the government caucus members,
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  Speaker 4: these incredibly strong women, Penny Wong, the leader in the Senate,
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  Speaker 4: Katie Gallahers Finance Minister, Tenure polibasek ann arly Anika Wells.
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  Speaker 4: I mean we have more women in the labor caucuses
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  Speaker 4: first name begins in a than there are women in
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  Speaker 4: the entire coalitions side.
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  Speaker 3: That's pretty incredible.
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  Speaker 4: It is incredible and it isn't by accident. It's a
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  Speaker 4: beigcause of a conscious decision to make the Parliament look
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  Speaker 4: like the Australian people. So gender equity, but also diversity, yeah,
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  Speaker 4: as well across different faiths and different backgrounds, different experiences.
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  Speaker 4: Now we have Charlotte Walker, of course, twenty one years
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  Speaker 4: old on the third of May, getting elected on her
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  Speaker 4: birthday to the Australian Senate is just fantastic.
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  Speaker 3: It's incredible. As a woman who's now in my thirties
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  Speaker 3: and was obsessed with political studies all through school and
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  Speaker 3: just didn't see that representation growing up to now feel
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  Speaker 3: like it's not just you know, for me because I
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  Speaker 3: follow this, but I feel like my community is being
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  Speaker 3: seen and heard and they're engaging in it in such
• 9:47
  Speaker 3: a different way. Now it doesn't feel like other people
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  Speaker 3: are making our decisions. It feels like our voices are
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  Speaker 3: actually being heard.
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  Speaker 4: And it does make a difference to policy as well.
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  Speaker 4: If you have people who have different experiences. Listening to
• 10:02
  Speaker 4: the first speeches of someone like Ailey France, someone who
• 10:09
  Speaker 4: lost her leg in an accident saving her child, has
• 10:14
  Speaker 4: been through some traumatic experiences. Coming into the House of
• 10:19
  Speaker 4: Reps with that experience is something that's very different, but
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  Speaker 4: it's also so valuable. Of course, there's ash Ambahapaha who's
• 10:30
  Speaker 4: a member for Barton in around the Saint George area
• 10:34
  Speaker 4: in Sydney. You know who was raised as she there's
• 10:37
  Speaker 4: raised by a village, someone with a really interesting backstory.
• 10:44
  Speaker 4: It just means that you're bringing in that engagement. So
• 10:49
  Speaker 4: Nita Mascarinus is the member for Swan. She was an
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  Speaker 4: engineer in Calgooli of Indian background heritage but from Kenya. Yeah,
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  Speaker 4: just as extraordinary people coming into the Parliament enriching us
• 11:13
  Speaker 4: with their diversity, but also I hope making a time
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  Speaker 4: where many young people go well. Parliament and politics is
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  Speaker 4: something that's not about me, they impact you we need
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  Speaker 4: exactly and hopefully seeing people with that background, they can
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  Speaker 4: identify with people.
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  Speaker 3: Now, I'm not going to lie. I am pervy at
• 11:40
  Speaker 3: my core. I want to know everything about everything. And
• 11:43
  Speaker 3: I was checking some public records and it looks like
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  Speaker 3: you have never actually held any direct shares, and I mean,
• 11:50
  Speaker 3: for those of you following along, mister Anthony Albanesi is
• 11:53
  Speaker 3: not actually allowed to hold any direct shares at this point,
• 11:56
  Speaker 3: and you were very involved in making sure that other
• 11:58
  Speaker 3: ministers aren't a to either. I'm still curious though, because
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  Speaker 3: you haven't always been the Prime Minister, and that would
• 12:05
  Speaker 3: have potentially been an option historically. Why haven't you invested
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  Speaker 3: in shares historically?
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  Speaker 4: I have never invested in shares because one firstly, I
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  Speaker 4: didn't have a lot of money as a young person.
• 12:20
  Speaker 4: I didn't have finances to invest. But I became an
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  Speaker 4: MP almost thirty years ago now and just felt like
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  Speaker 4: if you make decisions even as a member of Parliament,
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  Speaker 4: I personally, I guess, took what you need to do
• 12:38
  Speaker 4: as a minister to the extreme, which is I didn't
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  Speaker 4: want to be compromised.
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  Speaker 3: Which is absolutely fair.
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  Speaker 4: So that's a personal decision that I made. And I
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  Speaker 4: also my mum because she lived in the one house
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  Speaker 4: for all of her sixty five years, which was a
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  Speaker 4: city council house, and then got handed over to Nissaua's
• 13:01
  Speaker 4: housing apartment. She from a really early age she used
• 13:05
  Speaker 4: to say, when you get the chance, you know, you've
• 13:07
  Speaker 4: got to buy your own home, your property.
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  Speaker 3: Guy.
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  Speaker 4: So I bought when I as soon as I could,
• 13:14
  Speaker 4: I did six months. I spent money, saved up and
• 13:18
  Speaker 4: went overseas, did the Aussie backpacking thing in nineteen eighty eight,
• 13:24
  Speaker 4: and I went to Africa and Europe and had a
• 13:27
  Speaker 4: great time. Came back and then started looking for a
• 13:34
  Speaker 4: house and bought a house in Marrackle in would have
• 13:39
  Speaker 4: been nineteen ninety I think, so I was still relatively young.
• 13:43
  Speaker 4: I was twenty six or twenty seven when I bought
• 13:47
  Speaker 4: a home and that was where at that time, sit
• 13:50
  Speaker 4: down listeners. While I used this figure, interest rates were
• 13:54
  Speaker 4: I think nineteen and a half percent when.
• 13:57
  Speaker 3: I was so scary.
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  Speaker 2: It was a bit.
• 14:01
  Speaker 3: Scary. But if we look back to even just nineteen
• 14:04
  Speaker 3: seventy five, we know that the average home between Melbourne
• 14:07
  Speaker 3: and Sydney cost four times the annual salary and now
• 14:10
  Speaker 3: it's and like so much has changed, and we'll get
• 14:13
  Speaker 3: to housing because I know that you're probably excited to
• 14:16
  Speaker 3: talk about it given all of the changes recently. But
• 14:19
  Speaker 3: you touched on before that your mum was so good
• 14:21
  Speaker 3: at budgeting, and I think that she'd be very proud
• 14:24
  Speaker 3: of everything that you're doing around the cost of living
• 14:26
  Speaker 3: because she'd be Yes. Absolutely, Like we talked before about
• 14:30
  Speaker 3: the groceries and always buying things on sale. And I
• 14:32
  Speaker 3: feel like old habits die hard, Like it doesn't matter
• 14:35
  Speaker 3: if you have a higher disposable income. You've got this
• 14:37
  Speaker 3: money store in the back of your head, like I.
• 14:39
  Speaker 4: Would never buy that, Oh absolutely, And you never ever,
• 14:44
  Speaker 4: you know, waste eiver no, so no, I think when
• 14:49
  Speaker 4: you need them, Yes, absolutely. And I wore a tie
• 14:53
  Speaker 4: on Monday, real distraction here and it was very bright
• 14:58
  Speaker 4: and we had media inquirer is about you know what
• 15:01
  Speaker 4: it meant as prime minise. I got a new tie.
• 15:04
  Speaker 2: What is it?
• 15:05
  Speaker 4: It was from the nineteen nineties. See, I've seen right
• 15:09
  Speaker 4: out found in the lodge there. It was a few tires.
• 15:13
  Speaker 3: It stood out money win its like you've got a
• 15:15
  Speaker 3: brand new tie exactly exactly. So talk to me something
• 15:19
  Speaker 3: that I saw that has passed recently that I think
• 15:22
  Speaker 3: is going to really impact our community around the cost
• 15:25
  Speaker 3: of living is literally last night Labour's Bill passed in
• 15:29
  Speaker 3: Parliament to make PBS medicines cheaper with no more than
• 15:33
  Speaker 3: twenty five dollars a script from twenty twenty six onwards,
• 15:37
  Speaker 3: which I'm very excited about. And for women in my community,
• 15:42
  Speaker 3: particularly many of whom are already stretched, how much of
• 15:45
  Speaker 3: a difference do you think this is going to make
• 15:47
  Speaker 3: to their weekly budgets.
• 15:48
  Speaker 4: Well, I'm so proud of this. And one of the
• 15:49
  Speaker 4: things that brought me into politics, of course is to
• 15:53
  Speaker 4: go back to talking about the members is my personal
• 15:56
  Speaker 4: experience because my mum had rheumatoid arthritis, was crippled had
• 16:01
  Speaker 4: she had a pill box with a lot of pills
• 16:05
  Speaker 4: every day in order to get by pain relief and
• 16:08
  Speaker 4: everything else that came from it. So it was really
• 16:12
  Speaker 4: conscious about the price of medicines and the price of
• 16:16
  Speaker 4: medicines had never come down on the PBS script for
• 16:22
  Speaker 4: eighty years since it was introduced. It had always got
• 16:25
  Speaker 4: up with inflation and had reached forty two dollars. We
• 16:29
  Speaker 4: promised in the lead up to the last election in
• 16:33
  Speaker 4: twenty twenty two the first election to reduce it to
• 16:36
  Speaker 4: thirty dollars, and then at the last election we promised
• 16:39
  Speaker 4: to reduce it for the to twenty five dollars. So
• 16:41
  Speaker 4: that was the same price that medicines were in two
• 16:45
  Speaker 4: thousand and four, So that will make an incredible difference.
• 16:50
  Speaker 4: It saved people well over billion dollars already those changes,
• 16:56
  Speaker 4: and in addition to that, we have sixty days scripts,
• 17:00
  Speaker 4: saves on going to the doctor, saves on time and all.
• 17:04
  Speaker 5: Of that as well.
• 17:05
  Speaker 3: My GP's the biggest fan of that.
• 17:07
  Speaker 4: That's made such a big difference to people and for
• 17:11
  Speaker 4: people who need regular medicines like their heart conditions and
• 17:14
  Speaker 4: manning it better or reflux or whatever it is that
• 17:18
  Speaker 4: they have, so just common sense really. And then the
• 17:22
  Speaker 4: third change, which is important is for concession card holders.
• 17:27
  Speaker 4: So four pensioners or people have concession cards, we're frozen.
• 17:31
  Speaker 4: The costs are just seven dollars seventy until the end
• 17:35
  Speaker 4: of the decade. So they can have that certainty.
• 17:38
  Speaker 5: Because they're budgeting, they've got that and it's there exactly,
• 17:42
  Speaker 5: and it will make such a practical difference because when
• 17:46
  Speaker 5: I spoke with some pharmacists and I was the first
• 17:49
  Speaker 5: Prime Minister to address a pharmacy.
• 17:50
  Speaker 4: Girl big conference that they have never knew. There were
• 17:53
  Speaker 4: so many chemists around Australia all there and really passionate.
• 17:58
  Speaker 4: The relationship that they have with their customers as well.
• 18:04
  Speaker 4: It isn't just a business one, it's a really personal one.
• 18:06
  Speaker 4: My local pharmacy in Marrickville near my office as a
• 18:12
  Speaker 4: Greek speaker, Vietnamese speaker, Chinese, Arabic and people come in there,
• 18:17
  Speaker 4: they get advice, they get assistants like it really is
• 18:22
  Speaker 4: the heart of the community and shout out to all
• 18:26
  Speaker 4: the guys there. It blooms at Marrackville Road and so
• 18:31
  Speaker 4: making a difference here also, I think shakes up something
• 18:35
  Speaker 4: that I'm sure has appeared on your podcast from time
• 18:39
  Speaker 4: to time, the statement nothing ever goes down in price,
• 18:43
  Speaker 4: which is a fair enough statement, except for this, I
• 18:46
  Speaker 4: love it.
• 18:46
  Speaker 3: And even though there's a lot of benefit to people
• 18:50
  Speaker 3: on pensions, I'm seeing, even just in my more millennial
• 18:54
  Speaker 3: women community, reproductive health is massive. I don't know any
• 18:58
  Speaker 3: female in my circle that hasn't been on the pill.
• 19:01
  Speaker 3: And for a very long time that was incredibly expensive,
• 19:05
  Speaker 3: and earlier this year it got dropped down. It was
• 19:07
  Speaker 3: the first time in thirty years that I would say
• 19:10
  Speaker 3: the most common pill yas or yasmin has been on
• 19:13
  Speaker 3: the PBS in the way that it has, which I
• 19:15
  Speaker 3: was so excited about. But just knowing this is going
• 19:17
  Speaker 3: to take a little bit of pressure off even just
• 19:20
  Speaker 3: women saving for their first times, women who just need
• 19:23
  Speaker 3: a little bit more wiggle room in their grocery budgets
• 19:25
  Speaker 3: makes me so excited.
• 19:27
  Speaker 4: Well, it's about gender equity as well. That was part
• 19:29
  Speaker 4: of a program that was more than half a billion
• 19:33
  Speaker 4: dollars essentially on women's reproductive health, everything from new listings
• 19:40
  Speaker 4: for contraceptives to IUDs, to making an enormous difference across
• 19:47
  Speaker 4: a range of area's endoclinics. We've got twenty two and
• 19:51
  Speaker 4: pelvic pain clinics. We're opening more of them as well
• 19:56
  Speaker 4: right around the country, making sure that we address menopause
• 20:01
  Speaker 4: and perry as well, to address those issues with additional
• 20:06
  Speaker 4: funding and in part just talking about these issues in
• 20:10
  Speaker 4: the Parliament. This is something that when I got here
• 20:13
  Speaker 4: not that long ago, but at the end of the
• 20:16
  Speaker 4: nineteen nineties, these issues just weren't front and center. There's
• 20:21
  Speaker 4: no accident that when you have young women elected to
• 20:23
  Speaker 4: the Parliament and you have strong advocates like Katie and
• 20:28
  Speaker 4: Jed Carney played a real major role in that, as
• 20:32
  Speaker 4: well as Mark Butler, the Health Minister, very passionate about this.
• 20:36
  Speaker 4: It will make a real difference.
• 20:38
  Speaker 3: Yeah, I spoke or I had the privilege of speaking
• 20:40
  Speaker 3: to Katie about that. Do you think that we can
• 20:42
  Speaker 3: see further priority being put on that space in future budgets.
• 20:47
  Speaker 4: Absolutely, and whether it's women's health issues or we'll get
• 20:54
  Speaker 4: to our housing issues. But a lot of that has
• 20:57
  Speaker 4: been focusing on women and children escaping domestic violence. For example.
• 21:01
  Speaker 4: We have a four billion dollar plan on women and
• 21:06
  Speaker 4: children escaping domestic violence and on those issues, making sure
• 21:11
  Speaker 4: that the parliament's very focused on. Yeah, there are issues
• 21:16
  Speaker 4: like dealing with climate change and dealing with big challenges
• 21:20
  Speaker 4: that we have, how do we deal with AI. All
• 21:23
  Speaker 4: of that is important, but it's also really vital that
• 21:28
  Speaker 4: the government focus on things that make an immediate difference
• 21:32
  Speaker 4: to people's lives, because that's about giving them agency and
• 21:38
  Speaker 4: ownership over the government and over the role that this place,
• 21:44
  Speaker 4: this building can play in improving their lives.
• 21:47
  Speaker 3: Yeah. And something that I asked my community and the
• 21:50
  Speaker 3: lead up to getting to interview you was if you
• 21:53
  Speaker 3: were a prime in a style, what would you change?
• 21:55
  Speaker 3: What would you focus on? Groceries? With a number one
• 21:58
  Speaker 3: money stress our community raised a head of rent and utilities.
• 22:02
  Speaker 3: What is your government doing that will actually make the
• 22:04
  Speaker 3: weekly shop cheaper this year?
• 22:07
  Speaker 4: Well, introducing the Grocery Code of Conduct. It was one
• 22:09
  Speaker 4: of the things that were announced on I think it
• 22:12
  Speaker 4: was day two of the campaign. I did a wonderful
• 22:18
  Speaker 4: morning tea after I did Insiders in the morning, and
• 22:22
  Speaker 4: then went and did one of the first press conferences
• 22:25
  Speaker 4: and it was in a backyard with a hills hoist
• 22:28
  Speaker 4: on the northern suburbs of Canberra, with a wonderful Italian
• 22:31
  Speaker 4: Australian family who did make very nice cookies and good
• 22:37
  Speaker 4: books book so it was pretty good, absolutely, And there
• 22:42
  Speaker 4: we announced mandate in the Code of Conduct. One of
• 22:45
  Speaker 4: the things that's happened for a while was there was
• 22:48
  Speaker 4: all this voluntary code so that things like addressing shrink
• 22:53
  Speaker 4: flation that's where the same good shrinks in size but
• 22:59
  Speaker 4: the price is the same, which can happen for everything
• 23:04
  Speaker 4: from chips to biscuits.
• 23:05
  Speaker 3: To the exactly should be illegal.
• 23:09
  Speaker 4: I'm sorry, Well, we're we're making we're fixing that the
• 23:14
  Speaker 4: issue of where prices get increased by a dollar, decrease
• 23:20
  Speaker 4: by fifty cents a week later and they pretend it's
• 23:24
  Speaker 4: on sale. Those issues making it illegal and empowering the
• 23:31
  Speaker 4: Australian competition, the arible ceed the Tribunal to have powers
• 23:36
  Speaker 4: to take action and fine those companies engaging in that
• 23:42
  Speaker 4: as well. As well as that, the work that we're
• 23:45
  Speaker 4: funding consumer organization's choice to get out there and publish
• 23:51
  Speaker 4: where's the cheapest place to get gracious, trying to get
• 23:54
  Speaker 4: that competitive edge there as well. So these are issues
• 23:59
  Speaker 4: that that do impact people's lives very directly. And whereas
• 24:05
  Speaker 4: a bill might be quarterly, people need to go to
• 24:09
  Speaker 4: the supermarket every week or every fortnight. Yeah right, Well,
• 24:15
  Speaker 4: I'm one of these people who used to go to
• 24:19
  Speaker 4: when I did shop and cook for myself, I'd do
• 24:24
  Speaker 4: it in small batches. I'd go and just get what was.
• 24:28
  Speaker 3: What you need stays for exactly. Now. I am loving
• 24:32
  Speaker 3: this conversation, as I know my community are, but it
• 24:35
  Speaker 3: would be rude not to give us a little breather.
• 24:37
  Speaker 3: So let's go to a really quick break and on
• 24:39
  Speaker 3: the flip side, we're going to dive right back in.
• 24:45
  Speaker 3: Welcome back to honestly one of the biggest interviews of
• 24:49
  Speaker 3: my life. We have Prime Minister Anthony Albanezi and we
• 24:52
  Speaker 3: are talking everything money. Now another conversation that we're having
• 24:56
  Speaker 3: in our community that we kind of sprinkled at the
• 24:59
  Speaker 3: start of housing and I'm really excited to talk about this.
• 25:02
  Speaker 3: Housing is another massive theme for our listeners, and I
• 25:05
  Speaker 3: want to share a question from a twenty nine year
• 25:08
  Speaker 3: old in our community who has voice noted me in,
• 25:11
  Speaker 3: so I'll play that for you. But basically she's doing
• 25:14
  Speaker 3: everything right and it just feels a little bit out
• 25:17
  Speaker 3: of each So let's have a listen.
• 25:19
  Speaker 2: Hi, I have a money dilemma. I'm twenty nine years old,
• 25:22
  Speaker 2: I work full time, I'm single, I don't have a
• 25:24
  Speaker 2: house a rent. Basically, I have roughly fifty thousand dollars
• 25:29
  Speaker 2: in the pain. It's in a high interrat savings can.
• 25:31
  Speaker 2: I think it's five percent return annually. And then in
• 25:34
  Speaker 2: addition to that, I have an emergency fund. There's about
• 25:37
  Speaker 2: two thousand dollars in there. I'm putting money towards each
• 25:40
  Speaker 2: pay I get. I am also micro investing in Perla.
• 25:44
  Speaker 2: I think I do about three hundred and fifty dollars
• 25:46
  Speaker 2: a fortnight in there. Investing is exciting to me. I
• 25:48
  Speaker 2: like to see my money slowly grow, but I feel
• 25:51
  Speaker 2: like I should be doing more with the money that
• 25:52
  Speaker 2: she's sitting in my bank account. Obviously, for me, the
• 25:56
  Speaker 2: housing market at the moment as a single feels almost impossible,
• 25:58
  Speaker 2: and it's not something that I can see in my
• 26:00
  Speaker 2: foreseeable future. My question is what would you do if
• 26:04
  Speaker 2: you had this money?
• 26:06
  Speaker 4: Now?
• 26:06
  Speaker 3: She probably didn't expect the Prime Minister to be responding
• 26:09
  Speaker 3: that one was for me, But I'm going to handle
• 26:11
  Speaker 3: it to you.
• 26:12
  Speaker 4: Okay. Well, the first thing careful about this You take
• 26:17
  Speaker 4: your own advice and own decisions. I should say that rather.
• 26:22
  Speaker 3: We can't give proper financial advice. That would actually be illegal.
• 26:25
  Speaker 3: But this is more alike, is it actually is out
• 26:28
  Speaker 3: of reach?
• 26:28
  Speaker 4: She's doing the right thing.
• 26:30
  Speaker 3: She's doing well.
• 26:31
  Speaker 4: Isn't she doing incredibly well? To fifty grand? And she's
• 26:35
  Speaker 4: sensible as wellencyally resting great.
• 26:40
  Speaker 3: I thought you'd be proud. I was like, this is
• 26:42
  Speaker 3: coming out of my community.
• 26:44
  Speaker 4: That is awesome. Well, I'll tell you something that will
• 26:47
  Speaker 4: make it easier is what we've done. Just last week
• 26:53
  Speaker 4: we brought forward our five percent deposit plan to the
• 26:58
  Speaker 4: first of October. It was due to come in on
• 27:01
  Speaker 4: the first of January, and it will make an enormous
• 27:05
  Speaker 4: difference if you've got fifty thousand dollars in the bank
• 27:10
  Speaker 4: and previously if you need a twenty percent deposit. Of course,
• 27:14
  Speaker 4: that's so hard, and what we found that average time
• 27:21
  Speaker 4: to save might have been eight to ten years. By
• 27:26
  Speaker 4: having five percent deposit and the government importantly going guaranteur
• 27:32
  Speaker 4: so that you don't need insurance mortgage insurance will save
• 27:37
  Speaker 4: an enormous amount. In addition to that, what we've done
• 27:42
  Speaker 4: is lift the amounts to a more reasonable level, realistic level,
• 27:48
  Speaker 4: depending upon where people live, and so if people can
• 27:54
  Speaker 4: get into me. I dived in myself into housing a
• 27:59
  Speaker 4: time where all of my money basically went to pay
• 28:05
  Speaker 4: off that first mortgage every every month of the payments
• 28:11
  Speaker 4: because the interest rate was so high. Yes, it was
• 28:15
  Speaker 4: a lot cheaper than houses are today.
• 28:18
  Speaker 3: I'll swap. If you want to swap, give us high
• 28:20
  Speaker 3: interest rates and really cheap housing, I'm on board.
• 28:24
  Speaker 4: Well, there is that, but you know, I think what
• 28:29
  Speaker 4: that's aimed at is people like I didn't.
• 28:32
  Speaker 3: Catch her anonymous, you didn't miss it.
• 28:35
  Speaker 4: It just wasn't a friend. We'll call her that and
• 28:39
  Speaker 4: hopefully this is an enabler to get her into her
• 28:44
  Speaker 4: first home. There's another thing we're doing as well that
• 28:47
  Speaker 4: will kick in, which is really exciting. It is based
• 28:51
  Speaker 4: upon a South Australian scheme, which is I visited a
• 28:55
  Speaker 4: place in the suburbs of South Australia where two hundred
• 28:59
  Speaker 4: and forty townhouses cent you're right next to the train
• 29:02
  Speaker 4: station are being built in Adelaide, and one hundred of
• 29:06
  Speaker 4: those are reserved just for first home buyers. So that
• 29:11
  Speaker 4: means in terms of the competition at that auction, and
• 29:15
  Speaker 4: because it's government it was on an old industrial site.
• 29:20
  Speaker 4: Government can do that by opening up sites for new housing.
• 29:25
  Speaker 4: And perhaps the discussion that's taking place at the moment
• 29:29
  Speaker 4: about well our a train station and new housing there,
• 29:33
  Speaker 4: that could be an example. Government can use that in
• 29:38
  Speaker 4: order to say, well, we will give you an additional
• 29:43
  Speaker 4: if you're going to have two hundred houses, will allow
• 29:46
  Speaker 4: you to build an additional forty if they're reserved one
• 29:53
  Speaker 4: hundred of them in this case for first home buyers.
• 29:56
  Speaker 4: So we're going to deliver one hundred thousand of properties
• 30:01
  Speaker 4: just for first home buyers, So the combination of those
• 30:05
  Speaker 4: two things should really make a difference. In addition, of course,
• 30:10
  Speaker 4: interest rates coming down, and there's spent three decreases so
• 30:13
  Speaker 4: far this year.
• 30:14
  Speaker 3: As a frugal man, you probably like seeing that as well.
• 30:17
  Speaker 4: I certainly do.
• 30:18
  Speaker 5: We all do.
• 30:19
  Speaker 3: I certainly do, and I feel like that addresses and
• 30:22
  Speaker 3: I'm going to ask more about it because I know
• 30:24
  Speaker 3: you mentioned before that you'd read my article on the policy,
• 30:28
  Speaker 3: and I'm a big fan of it. I think it's fantastic,
• 30:31
  Speaker 3: especially for my community who are ready to buy. I
• 30:34
  Speaker 3: also own a mortgage broking business, and I have a
• 30:37
  Speaker 3: team of very beautiful brokers. We are influxed with conversations
• 30:42
  Speaker 3: about do I need to be buying before October? Is
• 30:45
  Speaker 3: this going to surge housing prices? A lot of the
• 30:49
  Speaker 3: comments online about the policy have been a lot about Okay, well,
• 30:53
  Speaker 3: this is just going to increase the average cost. And
• 30:56
  Speaker 3: what do you say to the people that are saying, look, yes,
• 30:59
  Speaker 3: that sounds fantastic, stick a lower deposit, but the issue
• 31:02
  Speaker 3: is paying for it ongoing and the fact that we
• 31:04
  Speaker 3: just don't have enough housing.
• 31:07
  Speaker 4: Well, this is just one measure. We have a forty
• 31:10
  Speaker 4: three billion dollar Homes for Australia Plan, which is all
• 31:13
  Speaker 4: about supply. That's the key, no question about that. So
• 31:17
  Speaker 4: we've got increased social and affordable housing through our Housing
• 31:22
  Speaker 4: Australia Future Fund that is now go and gang buses
• 31:27
  Speaker 4: right around the country making an enormous difference. We have
• 31:32
  Speaker 4: another program that's about taking a whole lot of homes
• 31:37
  Speaker 4: we're basically not fit for purpose, uninhabitable, so we put
• 31:42
  Speaker 4: in a special two billion dollar fund in the budget
• 31:47
  Speaker 4: from July two thousand and twenty four that kicked in
• 31:52
  Speaker 4: immediately so that those houses are now people living in them.
• 31:57
  Speaker 4: So to state government's gotten that grant. We in addition
• 32:02
  Speaker 4: to that, have our Build to Rent scheme.
• 32:05
  Speaker 2: What that is is.
• 32:06
  Speaker 4: Providing tax in centers for developers for private rentals, so
• 32:11
  Speaker 4: more public housing, more private rentals being constructed. And our
• 32:17
  Speaker 4: we've got a range of home ownership programs that's a
• 32:20
  Speaker 4: five percent deposit. There's our Shared Equity scheme and how
• 32:25
  Speaker 4: that works helped to buy is that for a new
• 32:29
  Speaker 4: dwelling then the government can be a forty percent owner
• 32:35
  Speaker 4: of a property. For an existing property thirty percent, So
• 32:41
  Speaker 4: say property is just for ease of mass worth a
• 32:45
  Speaker 4: million dollars. Then four hundred thousand dollars is provided by
• 32:50
  Speaker 4: the government and the government owns that share sixty percent
• 32:55
  Speaker 4: owned by the individual, so six hundred thousand dollars is
• 33:00
  Speaker 4: what they need rather than a million dollars, and they
• 33:03
  Speaker 4: can over a period of time payback by back the
• 33:07
  Speaker 4: government's share, or when the property is sold at the
• 33:11
  Speaker 4: end forty percent goes back to the government, or it's
• 33:16
  Speaker 4: done actually through banks. Yes, but it's been really effective
• 33:22
  Speaker 4: in Western Australia, has been going since the nineteen seventies
• 33:26
  Speaker 4: and having a national approach to this scheme as well.
• 33:28
  Speaker 4: So it is about supply, so we will have increased
• 33:33
  Speaker 4: new homes being built for private ownership, new homes being
• 33:37
  Speaker 4: built for private rentals, and new homes being built for
• 33:41
  Speaker 4: social housing as well. It's the biggest ever investment by
• 33:46
  Speaker 4: any government ever.
• 33:48
  Speaker 3: That must make you pretty proud to be able to
• 33:50
  Speaker 3: say it does, because I hear that and I'm like,
• 33:52
  Speaker 3: that's pretty cool.
• 33:53
  Speaker 4: As a proud HOUSEO, I'm really proud of the fact that,
• 33:58
  Speaker 4: I mean, the former government for a while, try not
• 34:01
  Speaker 4: to be too political here, but they didn't even have
• 34:03
  Speaker 4: a federal Housing minister for half their time and housing
• 34:08
  Speaker 4: is so essential because it's the key. A secure roof
• 34:12
  Speaker 4: over your head will impact your education, your health, everything
• 34:19
  Speaker 4: else comes from that as well. So I'm proud of that.
• 34:24
  Speaker 4: And the other effort that we've done, of course, is
• 34:28
  Speaker 4: to really concentrate on getting inflation down because that's a
• 34:32
  Speaker 4: prerequisite for getting interest rates down, absolutely and that's working
• 34:37
  Speaker 4: as well. Down to get inflation down, to have a
• 34:40
  Speaker 4: too in front of it now for some time, which
• 34:44
  Speaker 4: is a reserve bank band, which has led to three
• 34:47
  Speaker 4: interest rate decreases.
• 34:49
  Speaker 3: Which is very attractive. Another really big topic that impacts
• 34:53
  Speaker 3: my community but also women at large is childcare, and
• 34:58
  Speaker 3: that topic is full of conversation at the moment. You've
• 35:02
  Speaker 3: said that a fully funded childcare plan could be a
• 35:05
  Speaker 3: legacy policy for your government. Universal childcare sounds like it
• 35:09
  Speaker 3: could be a game changer. But we've also seen with
• 35:11
  Speaker 3: the NDIS how good ideas can kind of be really
• 35:15
  Speaker 3: complex and quite hard to manage. What do you need
• 35:20
  Speaker 3: to see in the findings to make universal childcare both
• 35:23
  Speaker 3: doable and sustainable long term, Well, you need.
• 35:26
  Speaker 4: To get the model right, and that's why we've done
• 35:29
  Speaker 4: it in stages. So the first stage was to increase
• 35:33
  Speaker 4: childcare substies, which made a big difference. The second stage
• 35:39
  Speaker 4: is what we've done on the three day childcare guarantee
• 35:44
  Speaker 4: and also a billion dollars for infrastructure of childcare centers
• 35:50
  Speaker 4: in out of suburbs and some regions where there just
• 35:54
  Speaker 4: isn't any accessibility as well. The other thing you needed
• 35:58
  Speaker 4: to do was to fix the work force, so paying
• 36:02
  Speaker 4: people properly, which we have done with substantial pay increases,
• 36:11
  Speaker 4: which is about keeping people in the industry and recognizing
• 36:15
  Speaker 4: that this isn't childminded, this is early education, and one
• 36:20
  Speaker 4: of the things that we have to do is change
• 36:23
  Speaker 4: some of the mindset in some of the Scandinavian countries.
• 36:28
  Speaker 4: It's just a given that early education contributes to then
• 36:37
  Speaker 4: going to school already having those skills reading and writing
• 36:43
  Speaker 4: and basic maths that begins at that time, drawing art,
• 36:49
  Speaker 4: but also the social skills that children learn of each other.
• 36:55
  Speaker 4: One of the great privileges of this job. I only
• 36:58
  Speaker 4: had one child is now very tall in age twenty four.
• 37:03
  Speaker 3: There's still a child, well to me, still a baby.
• 37:08
  Speaker 4: But going into early education centers is so uplifting because
• 37:15
  Speaker 4: at a time where there's conflict, including you know, we
• 37:20
  Speaker 4: see some unfortunate rally. Is it a bit of division
• 37:24
  Speaker 4: out there? Kids just they don't see race, they don't
• 37:29
  Speaker 4: see religion. They just see other kids their magic and
• 37:32
  Speaker 4: it's so good and so it's a great privilege of
• 37:36
  Speaker 4: this job. But it also is that the three piece
• 37:39
  Speaker 4: of economic growth, productivity, participation, and population, that's how you
• 37:47
  Speaker 4: grow an economy. Childcare does all three. It's about the
• 37:53
  Speaker 4: only thing you can think of that does all three.
• 37:56
  Speaker 4: It increases women's workforce participation, which is that record levels.
• 38:01
  Speaker 4: It increases productivity because it means women are going in
• 38:06
  Speaker 4: and out of the workforce. It changes it or for
• 38:09
  Speaker 4: as long it changes as well the retirement incomes and
• 38:15
  Speaker 4: closes that retirement gender gap which is there. And of
• 38:21
  Speaker 4: course it encourages population growth as well because people will
• 38:26
  Speaker 4: make financial assessments before when they're thinking about their family,
• 38:31
  Speaker 4: whether they can have their first, second, third, or however.
• 38:35
  Speaker 3: Financial decisions absolutely, and.
• 38:39
  Speaker 4: It can make an enormous difference as well as making
• 38:42
  Speaker 4: a difference to the child. And people will make their
• 38:45
  Speaker 4: own decisions of course about that's right for them. People
• 38:49
  Speaker 4: stay at home moms, that's great. You know, I had
• 38:52
  Speaker 4: that with my mum.
• 38:54
  Speaker 3: But you got the relationship between you and your mom,
• 38:57
  Speaker 3: Like that's something enviable. I would say.
• 39:00
  Speaker 4: Absolutely, But you know, when I was very little, before
• 39:04
  Speaker 4: the arthroats really kicked in. When she was she used
• 39:07
  Speaker 4: to work cleaning offices in the city overnight and then
• 39:12
  Speaker 4: look for me after me during the day because there
• 39:15
  Speaker 4: was no one.
• 39:18
  Speaker 3: A hustler. I just feel like if she was still around,
• 39:22
  Speaker 3: I'd be like, can you come on my show? Can
• 39:23
  Speaker 3: we do it money diary? Can tell me about your envelopes?
• 39:28
  Speaker 3: I just have so many questions for this woman.
• 39:31
  Speaker 4: Yeah. I don't know how, but she yeah was.
• 39:35
  Speaker 3: Single mums get it done. I don't know if they're still.
• 39:38
  Speaker 3: I mean, awe of my entire community. We have a
• 39:41
  Speaker 3: really large population of single mums, and the way that
• 39:45
  Speaker 3: they scrimp and save and budget and just get it
• 39:47
  Speaker 3: done and still show up for their kids is incredible.
• 39:52
  Speaker 4: Another insue I was really proud of in our first budget,
• 39:56
  Speaker 4: First Opportunity, I changed single parenting payment so that women
• 40:03
  Speaker 4: will be eligible and slightly women until their youngest child
• 40:10
  Speaker 4: is fourteen, because that was a real disincentive. There was
• 40:14
  Speaker 4: a relationship between a DV and people staying in relationships
• 40:19
  Speaker 4: if they didn't have financial capacity and Somers did a
• 40:22
  Speaker 4: wonderful study of that as well that showed that there
• 40:26
  Speaker 4: was a real impediment, and so I was really proud
• 40:31
  Speaker 4: that we did that first up.
• 40:34
  Speaker 3: I love that I'm going to get a little bit
• 40:36
  Speaker 3: spicy with the last three questions because I am very
• 40:38
  Speaker 3: conscious that I'm running out of time with you and
• 40:41
  Speaker 3: I want to zoom out for a moment.
• 40:42
  Speaker 4: So we've done well. The bells haven't rung yet.
• 40:44
  Speaker 3: I know, I am feeling very superpower. This stops Parliament.
• 40:49
  Speaker 3: So a lot of our audience has been watching what
• 40:52
  Speaker 3: is happening with Trump in the US at the moment,
• 40:54
  Speaker 3: and Australia Post has even stopped shipments to America. What
• 40:59
  Speaker 3: is your take on the gap between what Trump says
• 41:01
  Speaker 3: he's doing and the actual impact we are seeing here
• 41:04
  Speaker 3: in our economy.
• 41:06
  Speaker 4: Well, I think TARISA are an active economic self harm. Yes,
• 41:11
  Speaker 4: they're imposing costs on consumers in the United States and
• 41:19
  Speaker 4: that is having an impact, essentially producing greater revenue for
• 41:24
  Speaker 4: the US administration, but it will increase inflation. It is
• 41:29
  Speaker 4: having an impact here because of disruption in trade.
• 41:33
  Speaker 3: We're seeing so many small businesses announced they can no
• 41:36
  Speaker 3: longer service that community.
• 41:37
  Speaker 4: Well, the idea that if parcel goes to many small
• 41:42
  Speaker 4: businesses here just rely upon post slide. They don't have
• 41:49
  Speaker 4: a store, they're online effectively, and many of them are
• 41:55
  Speaker 4: really specific products that they're producing that are in demand
• 42:02
  Speaker 4: and in demand globally. The idea that a parcel comes
• 42:07
  Speaker 4: through an express post partel and you've got to pay
• 42:12
  Speaker 4: a tax on depending upon what is inside an individual
• 42:16
  Speaker 4: parcel is in my mind. We'll wait and see how
• 42:22
  Speaker 4: this plays out.
• 42:24
  Speaker 2: Well.
• 42:24
  Speaker 4: I can't see will possibly be workable in the medium term.
• 42:30
  Speaker 4: I think it's an idea that's popped up. It's not
• 42:34
  Speaker 4: just Australia around other Western democracies and major economies have
• 42:41
  Speaker 4: done the same thing because it's really hard. How do
• 42:44
  Speaker 4: you do an assessment, the cost of assessment and bureaucracy
• 42:49
  Speaker 4: associated with that. I can't see how it will work.
• 42:54
  Speaker 4: But it has been very disruptive, absolutely, and this is
• 42:59
  Speaker 4: an economic disruption. My government is trying to deal with that,
• 43:03
  Speaker 4: but every government is trying to deal with that as well.
• 43:07
  Speaker 3: And I'm just going to give a little bit of
• 43:09
  Speaker 3: context to our listeners because maybe they don't follow this
• 43:12
  Speaker 3: as keenly as I maybe do. Trump recently posted on
• 43:17
  Speaker 3: truth Social which is his version of Twitter in all caps.
• 43:21
  Speaker 3: This is a great time to buy DJT and he's
• 43:25
  Speaker 3: talking about the stock market. And then only a few
• 43:28
  Speaker 3: hours later he went on to announce the pause on
• 43:31
  Speaker 3: tariff's Prime Minister, what do you make of that kind
• 43:35
  Speaker 3: of market intervention from a political leader and how should
• 43:39
  Speaker 3: Australians interpret moments like this.
• 43:42
  Speaker 4: I think people will make their own interpretation on President Trump.
• 43:48
  Speaker 4: My job as Prime Minister is to be respectful and
• 43:52
  Speaker 4: to engage in dialogue in Australia's national interest. That is
• 43:57
  Speaker 4: something that we have been doing. Have the lowest tariff
• 44:02
  Speaker 4: of any country, or no country has lower ten percent.
• 44:07
  Speaker 4: We're arguing that reciprocal tariffs, which is what President Trump
• 44:11
  Speaker 4: says he is doing, would be zero. We have a
• 44:14
  Speaker 4: free trade agrammer, there are no tariffs on US goods
• 44:19
  Speaker 4: coming into Australia. And importantly, the US has a trade
• 44:23
  Speaker 4: surface with Australia. That is, we buy morph from the
• 44:27
  Speaker 4: US than the US buys from Australia. So it's.
• 44:32
  Speaker 3: Math is just not mathing right now, That's right.
• 44:36
  Speaker 4: It's something that we're just dealing with though, and we're
• 44:40
  Speaker 4: trying to be as constructive as we can. Be but
• 44:45
  Speaker 4: to put forward our case. President Trump has said that
• 44:49
  Speaker 4: tariff is the most beautiful word in the English language,
• 44:53
  Speaker 4: which is a strange one to have.
• 44:56
  Speaker 3: He can have that, he can keep that quick.
• 44:58
  Speaker 4: I can think of a range of things that I
• 45:02
  Speaker 4: would think are the most wonderful words in the English language.
• 45:06
  Speaker 4: I agree, fair, love, sharing, what you've got, tariffs, a
• 45:12
  Speaker 4: range of things that I would I would want to see.
• 45:17
  Speaker 5: Justice each to their own, to their own to their
• 45:21
  Speaker 5: own exactly.
• 45:22
  Speaker 4: And I've had three really constructive discussions with President Trump.
• 45:27
  Speaker 4: I look forward to more and to advancing Australia's interests.
• 45:33
  Speaker 3: All right, I know that my time is running out,
• 45:35
  Speaker 3: but I'm being a little bit greedy, and I would
• 45:37
  Speaker 3: really like some of your what we call at this
• 45:40
  Speaker 3: she's on the money house, are finance hot takes. So
• 45:43
  Speaker 3: I'm going to throw a few things at you. I
• 45:46
  Speaker 3: don't want lots of conversation. I don't even need context.
• 45:49
  Speaker 3: I just want a quick response to each of these topics.
• 45:53
  Speaker 4: I will try. I'm a politician, I know, but you're
• 45:56
  Speaker 4: paid to talk exactly.
• 45:57
  Speaker 3: But you're also probably very well media trained. I just
• 46:00
  Speaker 3: expect that the responses a test, all right. By now,
• 46:06
  Speaker 3: pay later can be dangerous, yes, all right. The pink tax,
• 46:11
  Speaker 3: the pink tax, so the tax on women's not equitable.
• 46:16
  Speaker 4: But these things are difficult to solve.
• 46:19
  Speaker 3: Cryptocurrency no chance, no chance from me personally. Prime Minister
• 46:23
  Speaker 3: is not into crypto confirmed.
• 46:25
  Speaker 4: The cost of eggs, The cost of eggs, well, it's
• 46:29
  Speaker 4: demand and supply. Childcare costs too high, but working on it. Okay.
• 46:34
  Speaker 3: The gender pay gap lowest it's ever been. Love rent prices.
• 46:39
  Speaker 4: Too high, but working on it.
• 46:40
  Speaker 3: With supply, fast fashion good good, We're going.
• 46:46
  Speaker 4: To have What do you mean by fast fashion?
• 46:48
  Speaker 3: Over consumption of outfits and goods instead of having a season.
• 46:54
  Speaker 3: I feel like, no, this is what I was confused
• 46:57
  Speaker 3: about the time.
• 46:58
  Speaker 4: No, I'm frugal.
• 46:59
  Speaker 3: I think you would be a hard.
• 47:02
  Speaker 4: No one for us. Absolutely.
• 47:03
  Speaker 3: What about grocery giants, Ah, not easy to solve, okay.
• 47:11
  Speaker 3: And billionaire space trips.
• 47:13
  Speaker 4: Just weird Ego trips is what they are, all right?
• 47:17
  Speaker 3: Just for fun? I want to know what is your
• 47:20
  Speaker 3: unpopular money opinion?
• 47:21
  Speaker 4: My team laugh at me because I always have to
• 47:28
  Speaker 4: have at least two hundred dollars cash in my wallet.
• 47:33
  Speaker 3: What are you doing with two hundred dollars cash when
• 47:35
  Speaker 3: you don't have to go to the supermarket yourself anymore.
• 47:37
  Speaker 4: I always you never know when you've got to buy something,
• 47:42
  Speaker 4: or your people buy you a coffee or something, you
• 47:45
  Speaker 4: can pay them. You need buy a raffle ticket.
• 47:51
  Speaker 3: Do you know what this is your money story coming out?
• 47:55
  Speaker 4: I absolutely they laugh at me, and you always also have,
• 48:00
  Speaker 4: say two hundred dollars. It's not the full truth. The
• 48:03
  Speaker 4: full truth is there's always also in my wallet in
• 48:07
  Speaker 4: behind the where the cards go and stuff, another fifty dollars.
• 48:14
  Speaker 3: So if you stop, you just get me a plastic.
• 48:17
  Speaker 3: But I'm coming to your wallet.
• 48:19
  Speaker 4: I'm the only person in this office who has cash.
• 48:23
  Speaker 3: And if they need cash, who are they coming to?
• 48:25
  Speaker 4: They do exactly exactly. I laugh at them and then
• 48:29
  Speaker 4: give it to them.
• 48:29
  Speaker 3: Now, one very last, incredibly important question for me personally,
• 48:34
  Speaker 3: because I know you're a swifty and you're obviously getting married.
• 48:38
  Speaker 3: What tips have you got for Taylor now she's engaged.
• 48:41
  Speaker 4: Oh well, her engagement has sort of blown hours out
• 48:46
  Speaker 4: of the order. Has that she gets fantastic?
• 48:49
  Speaker 3: It's very exciting. I just love love, so I just
• 48:52
  Speaker 3: want to see people happy and they look.
• 48:55
  Speaker 4: So fantastic together, and I just think it's great.
• 48:59
  Speaker 3: So what tips are we giving for wedding planning? Any
• 49:02
  Speaker 3: frugal ones?
• 49:03
  Speaker 4: As someone who got engaged on Valentine's Date last year
• 49:07
  Speaker 4: and still has not managed to complete the deed, We're
• 49:14
  Speaker 4: just really looking forward to it. I'm focused on me
• 49:17
  Speaker 4: and Jody let.
• 49:18
  Speaker 3: Alone planning Swifty's wedding.
• 49:21
  Speaker 4: I think she'll probably have it covers you.
• 49:23
  Speaker 3: Budgets will be different.
• 49:25
  Speaker 4: I think the budget will be a little bit different.
• 49:28
  Speaker 4: We will probably be zero point zero zero one percent
• 49:32
  Speaker 4: of her budget. I feel like that's travison.
• 49:35
  Speaker 3: Honestly, what the Australians want to hear.
• 49:37
  Speaker 4: I'm not going to lie exactly. No, it will be frugal.
• 49:40
  Speaker 3: I love that. Prime Minister, thank you so much for
• 49:43
  Speaker 3: joining us in answering mine and my community's questions. I
• 49:47
  Speaker 3: have found this to be an absolute privilege. Thank you
• 49:49
  Speaker 3: so much.
• 49:50
  Speaker 4: Thanks so much.
• 49:50
  Speaker 3: That was fun, of course, and to our listeners, if
• 49:53
  Speaker 3: you have loved this episode, we would love it if
• 49:55
  Speaker 3: you shared it with a friend and make sure that
• 49:57
  Speaker 3: you are subscribed so that you never miss an episode.
• 50:00
  Speaker 4: Cheers.
• 50:05
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• 50:12
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