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Oliver Peterson: Australian correspondent on Australian home prices going up · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News talks'd be follow
• 0:12
  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Oliver Peterson six PR Perth Life Presenters with us Ella
• 0:19
  Speaker 2: Oli get a header, mate, what's going on with your
• 0:21
  Speaker 2: property prices?
• 0:22
  Speaker 3: Yeah? They're good, aren't they?
• 0:23
  Speaker 4: If you live in Perth where I live, then guess
• 0:25
  Speaker 4: what you are doing so well? In fact that they've
• 0:28
  Speaker 4: risen more than what the average income here is in Australia.
• 0:32
  Speaker 4: So the average income or the median full time salary
• 0:35
  Speaker 4: in Australia is eighty eighty four hundred bucks. But in
• 0:38
  Speaker 4: Perth our property prices have risen by more than one
• 0:41
  Speaker 4: hundred thousand dollars this year.
• 0:42
  Speaker 3: So say you light a head.
• 0:43
  Speaker 2: Up, So now the kids are going to get angry
• 0:47
  Speaker 2: because now they can't afford houses. You know that's happening.
• 0:49
  Speaker 3: Ah, spot on.
• 0:50
  Speaker 4: And if you live over here like genuinely, we have
• 0:53
  Speaker 4: been under one percent rental availability now for five years.
• 0:58
  Speaker 4: The number of properties on market, so balance market in
• 1:00
  Speaker 4: Perth is considered twelve thousand properties for sale and we
• 1:03
  Speaker 4: hover it between about three thousand and four thousand a week.
• 1:06
  Speaker 3: It is super scary, Like you have home opens.
• 1:08
  Speaker 4: Here every week, where one hundred and twenty families go
• 1:11
  Speaker 4: through them like it is absolutely there's nothing good in that. Ultimately,
• 1:15
  Speaker 4: there is nothing good in that at all, and no
• 1:16
  Speaker 4: one wants to tackle it properly. The cost, particularly over
• 1:19
  Speaker 4: where I am Western Australia, the cost of construction is
• 1:22
  Speaker 4: even so much higher than it is on the Eastern
• 1:24
  Speaker 4: Seaboard for so many obvious reasons. Plus the number of
• 1:27
  Speaker 4: migrants moving into Australia, particularly Wa because everybody knows how
• 1:31
  Speaker 4: good it is.
• 1:32
  Speaker 3: We've even got the Bears.
• 1:33
  Speaker 4: Obviously kicking off in about a year and a half's
• 1:35
  Speaker 4: time or should I call it the Quackers Heather and
• 1:38
  Speaker 4: everyone just wants.
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  Speaker 3: To be in Wa.
• 1:39
  Speaker 2: Yeah, okay, because it's a great place.
• 1:41
  Speaker 1: That's why.
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  Speaker 2: Now Susan Lee, why is she out the doors?
• 1:46
  Speaker 4: Because she has no policy platforms on anything, She does
• 1:52
  Speaker 4: not stand for anything, and while the Liberal Party and
• 1:56
  Speaker 4: the National Party are tearing each other apart, she is
• 2:00
  Speaker 4: just a sitting duck at the moment and she really
• 2:02
  Speaker 4: needs to come out with something. I think there was
• 2:04
  Speaker 4: a misstep last week as well, attacking the PM's T
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  Speaker 4: shirt when he stepped off the plane Joy Division T shirt.
• 2:09
  Speaker 4: I think ultimately people should have been questioning why was
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  Speaker 4: the PM coming off an aeroplane wearing a T shirt
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  Speaker 4: when he's on business.
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  Speaker 2: I was told, I was told that he'd ask that
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  Speaker 2: no media film him because he did.
• 2:20
  Speaker 4: But he knew what he was doing and he knew
• 2:22
  Speaker 4: it would leak. And I'll tell you why he did it,
• 2:24
  Speaker 4: because ultimately he wants to send that message back to
• 2:27
  Speaker 4: the left and the hardcore lefties of the Labor Party.
• 2:29
  Speaker 4: Though I'm still one of you boys and girls, even
• 2:33
  Speaker 4: though I've just been with Trump, you know, sitting in
• 2:35
  Speaker 4: his office maybe looking as though I was, you know,
• 2:37
  Speaker 4: the puppet and I was having a good giggle, I'm
• 2:40
  Speaker 4: still a big member of the left of the Labor Party.
• 2:42
  Speaker 2: So he knew it was enjoy division T shirt a
• 2:45
  Speaker 2: signal that you're a lifty.
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  Speaker 3: Because it signals to you know, his hardcore members of
• 2:49
  Speaker 3: the lesson the Labor Party.
• 2:51
  Speaker 2: Correct, Well, I just think it's signals that he's a
• 2:53
  Speaker 2: try hard.
• 2:54
  Speaker 3: Well that too, is that?
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  Speaker 4: But all these Australian pms do go back to Howard
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  Speaker 4: right used to walk around the streets around the Wallaby
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  Speaker 4: track suit.
• 3:01
  Speaker 2: Well that's a lot cooler, isn't it.
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  Speaker 3: Is it? Is it cooler? He's got beaten by England
• 3:06
  Speaker 3: on the weekend.
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  Speaker 2: But Walla were cool then, weren't they enjoyed a vision
• 3:11
  Speaker 2: like a man of his age sixty three wearing a
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  Speaker 2: Joy Division T shirt.
• 3:14
  Speaker 3: It's just really try hard.
• 3:15
  Speaker 4: Well, we had Metallica here on the weekend. What do
• 3:17
  Speaker 4: you want to me in a Metallica T shirt?
• 3:19
  Speaker 2: Nah? Well, you know, look, we've had a big discussion
• 3:21
  Speaker 2: on the show about this. We've just reached the conclusion
• 3:23
  Speaker 2: while I have that men of his age should just
• 3:26
  Speaker 2: stick to basic white T shirts.
• 3:28
  Speaker 3: Well, or how to collar? What about a collar or
• 3:31
  Speaker 3: a collar?
• 3:31
  Speaker 1: You could do?
• 3:32
  Speaker 4: That?
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  Speaker 2: You could do daggy dad collar. Listen, tell me how
• 3:34
  Speaker 2: this and the Senate hearing is going to go for
• 3:36
  Speaker 2: the opt to CEO.
• 3:37
  Speaker 3: Not good, but it never was going to be. This
• 3:39
  Speaker 3: is a show trial. He's appeared before the inquiry this morning.
• 3:43
  Speaker 4: They've been questioning him whether that information provided to Anika
• 3:45
  Speaker 4: Will's the Communications Minister was misleading. Now he was asked
• 3:49
  Speaker 4: with those initial notifications disingenuous even only referred to about
• 3:53
  Speaker 4: ten calls and there obviously dozens and dozens of calls.
• 3:55
  Speaker 4: He said it was inaccurate it was not dishonest and
• 3:57
  Speaker 4: he's apologized. Look that the government and the opposition for
• 4:01
  Speaker 4: that matter as well, still probably looking for really his
• 4:03
  Speaker 4: head on the chopping block.
• 4:04
  Speaker 3: He's lost his CIO, he's lost his CFO.
• 4:07
  Speaker 4: I don't think Stephen Rue will be leaving OP this,
• 4:10
  Speaker 4: and he's a fairly new CEO in that position anyway,
• 4:13
  Speaker 4: having already led the NBN. But this will, as I say,
• 4:16
  Speaker 4: be a bit of a show troll. You never want
• 4:17
  Speaker 4: to see this happen again, absolutely, you don't, but I
• 4:20
  Speaker 4: don't think it will achieve much more than a bit
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  Speaker 4: of grandstanding.
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  Speaker 2: Got on your ollien.
• 4:23
  Speaker 3: It's good to talk to you.
• 4:24
  Speaker 1: Look after yourself.
• 4:25
  Speaker 2: Oliver Peterson six PR Perth Live Presenter.
• 4:28
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• 4:30
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• 4:34
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