WEBVTT - Credlin | 4 August 0:00:01.880 --> 0:00:05.480 Peter Quedlin Live from year twenty four. 0:00:08.119 --> 0:00:10.680 Good evening, welcome to the program. Here's what's coming up 0:00:10.680 --> 0:00:14.480 tonight on Kredlin, the war on Seniors, Labour's private health 0:00:14.480 --> 0:00:18.360 shakeup and the brutal tax hit facing pensioners who just 0:00:18.440 --> 0:00:21.360 want to keep working a bit longer. And you know what, 0:00:21.760 --> 0:00:24.760 all of this just puts more pressure on Medicare. In 0:00:24.800 --> 0:00:27.120 the air, I'll explain that in a moment. Plus a 0:00:27.160 --> 0:00:31.280 campaign to ditch the loophole that's allowed convicted rapists to 0:00:31.360 --> 0:00:36.000 keep their identity hidden, As critics worn Victoria's suppression rules 0:00:36.280 --> 0:00:40.400 must be reformed. Here everyone wants to dodge talk of 0:00:40.479 --> 0:00:42.919 one Nation and the Coalition working together. 0:00:43.560 --> 0:00:44.879 In the United Kingdom. 0:00:44.960 --> 0:00:48.120 There's a deal on the table between the UK Reform 0:00:48.200 --> 0:00:53.880 Party and Restore, Plus Tony Abbott's Operation Sovereign Borders British Style. 0:00:54.280 --> 0:00:58.160 The former PM joins me as Nigel Farage imports his 0:00:58.320 --> 0:01:02.400 Stop the Boat's plan into the UK and more. On 0:01:02.440 --> 0:01:05.880 the plunging property market two hundred and thirty billion now 0:01:05.920 --> 0:01:09.920 wiped off the value of your home and Coalition data 0:01:09.959 --> 0:01:13.080 that shows tens of thousands of Australians who bought a 0:01:13.120 --> 0:01:16.240 house with a five percent deposit or they're now teetering 0:01:16.360 --> 0:01:18.960 on the edge of negative equity. 0:01:19.000 --> 0:01:21.720 This is the result of Labour's. 0:01:21.319 --> 0:01:24.240 Taxes government ministers as you saw. Yes, they don't even 0:01:24.240 --> 0:01:27.959 seem to understand the concept of negative equity. 0:01:28.200 --> 0:01:30.280 The government had no idea this was going to happen, 0:01:30.800 --> 0:01:32.640 and then making it up as they go along. 0:01:34.400 --> 0:01:37.080 We will stay with Australia's housing crisis. If you think 0:01:37.120 --> 0:01:39.960 it's hard to be your first home buyer, try watching 0:01:40.000 --> 0:01:43.399 the value of your home slide into free fall, because 0:01:43.400 --> 0:01:45.920 that's what's happening as Australia hit with a once in 0:01:45.959 --> 0:01:50.320 a generation housing slump as the result of catastrophic tax 0:01:50.440 --> 0:01:53.720 changes in the recent May budget. So let's get our 0:01:53.760 --> 0:01:57.240 head across the scale of the problem. Australia's got a 0:01:57.240 --> 0:02:00.520 population of sub twenty seven million and across the country 0:02:00.840 --> 0:02:05.720 there's roughly around eleven point five million separate dwellings. So 0:02:05.880 --> 0:02:09.280 in broad terms, as a reserve bank will tell us, 0:02:09.560 --> 0:02:12.720 about one third of those dwellings are rented, about one 0:02:12.800 --> 0:02:16.240 third owned outright, and about one third are being paid 0:02:16.280 --> 0:02:20.120 off with a mortgage. Now, for most of us, me included, 0:02:20.639 --> 0:02:24.280 our homes are our biggest asset. Not only are they 0:02:24.280 --> 0:02:28.760 our roof over our head. But they represent financial security 0:02:29.160 --> 0:02:32.680 because we know if we had to we could liquidate 0:02:32.720 --> 0:02:37.680 our home, pay off the mortgage and potentially downsize, or 0:02:37.720 --> 0:02:38.400 so we thought. 0:02:38.960 --> 0:02:41.360 That's not guaranteed anymore. 0:02:41.520 --> 0:02:44.280 Because that any works if the home is worth more 0:02:44.720 --> 0:02:47.959 than what we owe. And that's the big headache for 0:02:48.000 --> 0:02:51.160 the Albanzi government, isn't it? With news today that two 0:02:51.280 --> 0:02:55.239 hundred and thirty billions being wiped off property values across 0:02:55.280 --> 0:02:58.480 the board, meaning some of us might have a home 0:02:58.760 --> 0:03:02.480 that is already in negative equity, a home where what 0:03:02.520 --> 0:03:04.760 we owe to the bank is more than what. 0:03:04.760 --> 0:03:07.120 We would get if we had to sell it. 0:03:07.880 --> 0:03:12.000 Today, the coalition released modeling that estimates that thirty four 0:03:12.080 --> 0:03:18.400 thousand Australians could well be in this very predicament. But embarrassingly, 0:03:19.120 --> 0:03:24.280 Labour's Assistant Minister about Filsalthwait exposed himself as not knowing 0:03:24.320 --> 0:03:29.840 the difference between negative equity and mortgage repayment defaults. 0:03:30.320 --> 0:03:34.280 Nine percent of people have met their repayments or are 0:03:34.320 --> 0:03:36.240 head on their mortgages, which means they can't be in 0:03:36.280 --> 0:03:39.200 negative equity because they're a head of their mortgage. 0:03:39.960 --> 0:03:44.600 It's true, that's not how it works, mate. 0:03:46.400 --> 0:03:48.880 No it's not how it works, sorry, Pat. That is 0:03:48.920 --> 0:03:53.280 not what negative equity means. Negative equity is when the 0:03:53.360 --> 0:03:56.080 value of your loan is greater than the value of 0:03:56.120 --> 0:03:59.600 your asset. In other words, you own more on your 0:03:59.600 --> 0:04:02.520 home than what you would get if you tried to 0:04:02.600 --> 0:04:03.040 sell it. 0:04:03.720 --> 0:04:03.920 Now. 0:04:04.000 --> 0:04:07.600 Thistle Waiter, Labor front bencher, says on his CV that 0:04:07.640 --> 0:04:11.000 he's got an economics degree, So the level of ignorance 0:04:11.400 --> 0:04:15.720 and the government is staggering. Last night on This Network, 0:04:16.120 --> 0:04:20.440 former Labor Minister Stephen Conroy also tried to ridicule any 0:04:20.480 --> 0:04:25.880 suggestion that negative equity or falling house values in Australia 0:04:26.240 --> 0:04:27.159 were a concern. 0:04:27.880 --> 0:04:32.920 My economically illiterate argument about negative equity. Stop stealing from 0:04:32.960 --> 0:04:37.719 an American housing market. No one is trying to buy 0:04:37.760 --> 0:04:41.680 a house today and sell it tomorrow. Therefore they've suffered 0:04:41.680 --> 0:04:43.960 the full absolute drivel. 0:04:45.120 --> 0:04:50.920 Well, good try, Stephen, But prop track data says otherwise. 0:04:51.520 --> 0:04:54.839 Between March and July this year, and let's not forget 0:04:54.839 --> 0:04:57.960 the budget tax changes were speculated for weeks and weeks 0:04:58.320 --> 0:05:02.880 before the May budget, Australian home values fell some two 0:05:03.000 --> 0:05:07.040 hundred and thirty billion dollars. Further, there are fears that 0:05:07.080 --> 0:05:11.040 a ten percent decliners, some will predict could wipe more 0:05:11.080 --> 0:05:13.080 than one trillion from the market. 0:05:13.800 --> 0:05:13.960 Now. 0:05:13.960 --> 0:05:17.200 What's also worth noting beyond the loss of value in 0:05:17.240 --> 0:05:21.000 any home you own right now, is increased liability that 0:05:21.279 --> 0:05:25.080 we all bear as taxpayers because of Labour's five percent 0:05:25.240 --> 0:05:29.440 home deposit scheme. All of us, every taxpayer or we 0:05:29.520 --> 0:05:33.919 now carry eleven billion dollars of property liability on the 0:05:33.960 --> 0:05:38.960 budget books. This scheme, that's more than quintupled since Labour 0:05:39.000 --> 0:05:42.839 came to power in twenty twenty two, is also controversial 0:05:43.520 --> 0:05:48.160 due to recent revelations that those accessing this taxpayer help 0:05:48.320 --> 0:05:52.320 do not even need to be an Australian citizen, and 0:05:52.400 --> 0:05:56.039 we know that there's some fifty thousand non citizens who've 0:05:56.120 --> 0:06:00.320 already got onto the scheme, something that Liberal leader Angus 0:06:00.360 --> 0:06:02.720 Taylor says he would not allow. 0:06:03.400 --> 0:06:06.920 I'm appalled by revelations in recent weeks that nearly fifty 0:06:07.000 --> 0:06:11.440 thousand non citizens have used Labour's first home by five 0:06:11.440 --> 0:06:16.279 percent deposit scheme. Labor opened this scheme to permanent residence 0:06:16.279 --> 0:06:20.120 in twenty twenty three, but such a loan scheme financed 0:06:20.120 --> 0:06:26.600 by the Australians taxpayer should be reserved for Australian citizens. 0:06:26.240 --> 0:06:28.960 Well spot on angus and as I discussed here in 0:06:29.000 --> 0:06:33.520 the program last night, incredibly this scheme will now help 0:06:33.560 --> 0:06:36.159 people get into a home even if they earned a 0:06:36.240 --> 0:06:40.080 shy of seven hundred thousand dollars, so three quarters of 0:06:40.120 --> 0:06:42.400 a million dollars per couple. 0:06:43.279 --> 0:06:46.320 This is a classic one where if you are wealthy enough, 0:06:46.360 --> 0:06:48.839 you have enough income coming through the door, you should 0:06:48.880 --> 0:06:51.279 not and do not need the assistance to get into 0:06:51.279 --> 0:06:54.920 your first time because likelihood is you can afford that anyway. 0:06:55.240 --> 0:06:58.000 And so the government is literally giving money away for 0:06:58.080 --> 0:06:58.880 no good reason. 0:07:00.920 --> 0:07:05.440 Yes, house prices are cyclical, but periods of rapid price 0:07:05.560 --> 0:07:09.680 increases tend to be followed by slow, well no increases. 0:07:10.320 --> 0:07:13.400 Rarely do we see big price hikes and then big 0:07:13.440 --> 0:07:18.200 price falls or big losses in value. But that's where 0:07:18.200 --> 0:07:22.040 it appears we are now post Labour's catastrophic May budget. 0:07:22.360 --> 0:07:26.840 Despite the spin from ministers like this, there's. 0:07:26.800 --> 0:07:29.080 Never been a better time to be a first home buyer, 0:07:29.080 --> 0:07:31.720 and not in my lifetime has there been a better 0:07:31.760 --> 0:07:34.480 time to be a first home buyer in Australia. I'm 0:07:34.560 --> 0:07:36.960 so happy to see more than two hundred and sixty 0:07:37.040 --> 0:07:42.000 thousand individuals and couples have made use of our five percent. 0:07:42.200 --> 0:07:45.640 Like, this is early days, and this is a reform 0:07:46.280 --> 0:07:49.400 which will play out not only over months, but over years. 0:07:49.920 --> 0:07:52.680 Over the long term, Treasury is very clear that there 0:07:52.680 --> 0:07:56.560 will be a sustainable increase in house prices, and the 0:07:56.600 --> 0:08:00.640 Reserve Bankers said than less than one percent of borrowers 0:08:00.760 --> 0:08:04.560 actually are facing any sense of negative equity. 0:08:05.840 --> 0:08:06.840 I don't trust them. 0:08:07.160 --> 0:08:10.640 Labor ministers wanting to assure use that house price falls 0:08:10.680 --> 0:08:14.760 are a good thing, that everything will rebound, well, that's 0:08:14.840 --> 0:08:18.560 no comfort. One of their own doesn't even know a 0:08:18.680 --> 0:08:26.160 term as important as negative equity. 0:08:26.600 --> 0:08:27.160 Right before I. 0:08:27.120 --> 0:08:28.400 Move into the news of the day, I just want 0:08:28.440 --> 0:08:31.960 to highlight just how patriotic so many of you are, 0:08:32.000 --> 0:08:35.320 because the flag images that have been flooding into my 0:08:35.400 --> 0:08:39.880 email account from you are assigned that our country is 0:08:39.920 --> 0:08:43.720 on a very different wavelength than what perhaps our Prime 0:08:43.760 --> 0:08:45.560 minister would have us believe. 0:08:46.440 --> 0:08:47.160 Now, as you can. 0:08:47.080 --> 0:08:51.120 See across the TV screens right now, we've got backyards, 0:08:51.200 --> 0:08:56.280 we've got front yards, we've got farm fences, branders, men's sheds, kitchens, 0:08:56.320 --> 0:09:01.679 lounge rooms, cars, utes, and of course flags right across 0:09:01.720 --> 0:09:07.560 our great brown land adorned with Australia's national flag, our 0:09:07.640 --> 0:09:08.960 only national flag. 0:09:09.080 --> 0:09:10.240 Let me make that one clear. 0:09:10.920 --> 0:09:13.440 The Prime Minister, well, he likes to stand in front 0:09:13.440 --> 0:09:17.120 of three flags, two of them belong to only some 0:09:17.160 --> 0:09:20.600 of us, and only one of those flags, our national flag. 0:09:21.320 --> 0:09:23.520 Well, that one belongs to all of us. 0:09:24.240 --> 0:09:28.120 Australia has many official flags, were they military flags or 0:09:28.400 --> 0:09:30.200 flags like the Aboriginal flag? 0:09:30.480 --> 0:09:31.040 Official? 0:09:31.320 --> 0:09:35.920 Yes, But only our national flag is protected with its 0:09:36.000 --> 0:09:39.960 own Act of Parliament and that's how it should be. 0:09:40.880 --> 0:09:41.120 Now. 0:09:41.240 --> 0:09:44.680 Nothing gives me more hope for our future than to 0:09:44.720 --> 0:09:47.920 see your response to our flag. And when I read 0:09:47.960 --> 0:09:51.360 your emails that accompany those pictures, and again they're on 0:09:51.400 --> 0:09:53.920 the screen right now, and I've read all of the emails. 0:09:53.960 --> 0:09:57.000 I promise you the reasons as to why you are 0:09:57.040 --> 0:10:00.720 flying the flag, what it means to you, and in 0:10:00.800 --> 0:10:05.840 many instances the special event or the family tragedy that 0:10:05.960 --> 0:10:10.280 prompted you to fly it as proudly as you do, well, 0:10:10.320 --> 0:10:14.000 that speaks volumes. It speaks volumes about the sort of 0:10:14.360 --> 0:10:17.560 good people who watch this program, but also to where 0:10:17.600 --> 0:10:20.400 the real heart and soul of our country years and 0:10:20.440 --> 0:10:23.840 as we all know too well, that's not in Canberra, 0:10:23.920 --> 0:10:29.240 is it? And it's certainly not in the Prime Minister's office. 0:10:32.040 --> 0:10:34.880 I promise you I have flags and flags for weeks 0:10:34.920 --> 0:10:37.480 to come. Let's go to Camberan Now for the headlines. 0:10:37.679 --> 0:10:39.839 Our political reporter Ribbon Spargo. 0:10:40.360 --> 0:10:43.640 Good Evening, the acting Prime Minister is playing down fears 0:10:43.720 --> 0:10:48.040 of a broader housing downturn. The Coalition claims thirty four 0:10:48.080 --> 0:10:52.040 thousand buyers who accessed Labour's five percent deposit scheme are 0:10:52.040 --> 0:10:55.160 at risk of falling into negative equity over. 0:10:55.000 --> 0:10:57.800 The time in which people would own a home. You 0:10:57.960 --> 0:11:01.439 see housing prices grow and they will continue to grow. 0:11:01.800 --> 0:11:05.440 Labour's recent tax changes are seemingly colliding with the three 0:11:05.600 --> 0:11:09.640 interest rate hikes this year. Independent Senator David Pocock is 0:11:09.640 --> 0:11:12.559 calling on the Treasurer to fix the budget so called 0:11:12.679 --> 0:11:16.839 widow tax. People who co own investment property can lose 0:11:16.880 --> 0:11:20.600 access to negative gearing if their partner dies or they separate. 0:11:21.080 --> 0:11:21.440 Terribly. 0:11:21.480 --> 0:11:23.920 Sorry for your lost please pay up well. 0:11:23.920 --> 0:11:26.960 I think that speaks volumes of exactly what Labour's toxic 0:11:27.000 --> 0:11:27.800 taxes can do. 0:11:28.080 --> 0:11:31.200 Pauline Hanson says, David Pocock and I don't always agree, 0:11:31.240 --> 0:11:34.200 but he's dead right on this. He shouldn't have to 0:11:34.280 --> 0:11:38.760 fight it alone. Australia's biggest betting companies are rejecting allegations 0:11:38.800 --> 0:11:43.240 of predatory behavior, insisting there is no systemic problem. Former 0:11:43.360 --> 0:11:46.959 NRL player Luke Bateman alleges gambling company staff offered to 0:11:47.080 --> 0:11:51.640 organize illicit drugs while cultivating him as a high value customer. 0:11:51.880 --> 0:11:55.480 There's definitely not a systematic issue with the offering of 0:11:55.520 --> 0:11:58.400 illegal products and there's no culture of that kind of 0:11:58.480 --> 0:12:01.840 business within the regulators licensed on Show Marketing. 0:12:01.600 --> 0:12:05.000 Labour's proposed gambling reforms are being examined as part of 0:12:05.000 --> 0:12:06.640 an eight week Senate inquiry. 0:12:08.480 --> 0:12:09.960 All right, let's get into all of that now with 0:12:10.000 --> 0:12:13.760 our News twenty four Political editor Andrew Cleanell Caday. Andrew, 0:12:14.040 --> 0:12:18.000 I heard you just before five o'clock. You took on 0:12:18.120 --> 0:12:21.760 Tanya Pleversek over the comments she made. I think it 0:12:21.800 --> 0:12:24.440 was yesterday morning that this is the best time to 0:12:24.520 --> 0:12:25.840 be a first home buyer. 0:12:26.440 --> 0:12:29.200 Now, Parliament's back next week. Across the ball, we've got. 0:12:29.040 --> 0:12:32.560 A litany of unintended consequences out of the budget, the 0:12:32.600 --> 0:12:36.079 House falls, We've talked about negative equity, the whole widow's 0:12:36.320 --> 0:12:40.120 tax debarcle. Obviously, this gives the red meat there for 0:12:40.160 --> 0:12:41.840 the opposition to run on now doesn't it? 0:12:42.640 --> 0:12:45.120 Well, it does. Let's see if they can do it effectively, 0:12:46.080 --> 0:12:47.960 and let's see if they can get mileage out of it, 0:12:49.240 --> 0:12:51.920 because I just think they need to stick to a 0:12:51.920 --> 0:12:55.000 couple of themes and really hammer away at them. And 0:12:55.320 --> 0:12:57.200 even look, I mean I said to Matt Canavan the 0:12:57.240 --> 0:12:59.880 other day that indexation on tax the where's that gone? 0:12:59.880 --> 0:13:03.240 One even knows about it? That policy. You know, the 0:13:03.280 --> 0:13:06.600 mistake I think they're making, Peter, and you're an expert 0:13:06.640 --> 0:13:10.360 in this field, is they are just not saying stuff 0:13:10.920 --> 0:13:14.280 until they want to vomit. And that's what you've got 0:13:14.320 --> 0:13:16.319 to do. And that's because they're freaked out by one 0:13:16.440 --> 0:13:20.320 nation who anything they say gets a run. But you've 0:13:20.440 --> 0:13:22.439 just got to you've just got to get slick of lines, 0:13:22.480 --> 0:13:24.280 and you've just got to keep hammering away at them, 0:13:24.760 --> 0:13:26.120 and you've got to come up with a couple of 0:13:26.160 --> 0:13:28.439 clever you know, Widow's tax is a good one. You've 0:13:28.480 --> 0:13:33.160 got to come up with these phrases that capture the imagination. 0:13:33.800 --> 0:13:37.720 They get the grab out there, whether it's a house 0:13:37.760 --> 0:13:42.280 price dump or house price disaster, or you know, they 0:13:42.679 --> 0:13:44.920 Angus and his team, they really like that. I think 0:13:45.559 --> 0:13:47.000 they've really got a bit of work to do on 0:13:47.040 --> 0:13:47.520 that front. 0:13:49.440 --> 0:13:51.600 Well, it's a bit like fire the lion, mate. I mean, 0:13:51.880 --> 0:13:53.200 you've got You're absolutely right. 0:13:53.200 --> 0:13:55.480 You've got to frame the issue. You've got to frame 0:13:56.040 --> 0:13:57.240 whether it's whether it's. 0:13:57.160 --> 0:14:00.000 A trust issue, whether it's goes to character, whether it's 0:14:00.080 --> 0:14:04.200 sort of a personality trait, or it's you know, your 0:14:04.240 --> 0:14:07.960 political opponent, frame them in terms of who they are. 0:14:08.360 --> 0:14:10.480 But also you've got to frame the issue because, as 0:14:10.520 --> 0:14:14.040 you know, governments profit from the complexity of some of 0:14:14.080 --> 0:14:16.160 these things. I mean, part of the reason that they've 0:14:16.160 --> 0:14:18.760 got a way with saying renewables are cheap is because 0:14:18.760 --> 0:14:21.600 people go, oh, well wind and sol are free, right, Well, 0:14:21.640 --> 0:14:24.000 the sun's free at least, but they're not once they 0:14:24.080 --> 0:14:27.320 understand and they are understanding this now it costs a 0:14:27.400 --> 0:14:30.000 lot to put the infrastructure in and get the power 0:14:30.000 --> 0:14:33.040 from the source to the market. Now now that they 0:14:33.120 --> 0:14:37.840 understand those complex issues, Australians are walking away from supporting renewables. 0:14:37.960 --> 0:14:41.640 But that's taken about ten years of dog and debate 0:14:41.920 --> 0:14:45.080 in the computity. And I just don't think the liberals 0:14:45.160 --> 0:14:50.000 hammer stuff often enough frequently enough, And sometimes I look 0:14:50.000 --> 0:14:52.600 on the TVs and I don't feel like they're out 0:14:52.600 --> 0:14:53.760 in the field enough. 0:14:54.080 --> 0:14:54.320 Yep. 0:14:55.360 --> 0:14:57.640 But you know what, governments can profit on complexity, but 0:14:57.640 --> 0:15:01.480 they can lose on complexity. Tax things are case in point, 0:15:01.560 --> 0:15:04.360 because people think that any old inheritance, not just capital 0:15:04.400 --> 0:15:09.000 gains tax properties are sorry, not just investment properties would 0:15:09.000 --> 0:15:11.560 be hit by this, and that's not true. It would 0:15:11.560 --> 0:15:13.560 just be investment properties. And it doesn't come until mid 0:15:13.560 --> 0:15:16.000 next year, so it's presumably going to be fixed by then. 0:15:16.120 --> 0:15:19.600 But if you follow what I'm saying, people just hear 0:15:19.720 --> 0:15:23.920 tax housing that they're not They're not in the weeds 0:15:23.920 --> 0:15:28.040 of negative gearing and capital gains. And therefore this is 0:15:28.040 --> 0:15:30.040 where I think the government could could find itself in 0:15:30.080 --> 0:15:32.360 a bit of trouble because I think a lot of 0:15:32.400 --> 0:15:35.160 people don't understand these changes and think they're more far 0:15:35.240 --> 0:15:37.760 reaching than they are. I'm not saying they're not far reaching, 0:15:38.720 --> 0:15:41.720 but I just think there's there's so much ground there. 0:15:41.800 --> 0:15:45.040 Like I mean Tanya's comment, I mean I couldn't believe it, really. 0:15:45.120 --> 0:15:48.640 I mean house prices a me and bucks median at 0:15:48.760 --> 0:15:51.400 laden Perth. It's so out of time, it's insane, and 0:15:51.560 --> 0:15:53.400 it's never been a worst time to be a first 0:15:53.440 --> 0:15:56.880 home buyer. And the problem they've got is they're trying 0:15:56.920 --> 0:15:59.120 to create this mirage that this is this is the 0:15:59.160 --> 0:16:01.880 thing which is going to make things affordable. If this 0:16:02.120 --> 0:16:04.240 was a thing to make things more affordable, it needed 0:16:04.280 --> 0:16:06.320 to happen ten years ago. Because the horse has bolted, 0:16:06.360 --> 0:16:08.320 they're never going to get the price down. So they're 0:16:08.360 --> 0:16:12.960 going to end up annoying two cohorts, right, They're not 0:16:13.000 --> 0:16:15.040 going to be able to satisfy the first home buyer 0:16:15.520 --> 0:16:17.960 or enough of them, and they're going to annoy the 0:16:18.000 --> 0:16:20.960 people with existing homes who see their paper loss. 0:16:21.800 --> 0:16:24.200 So you end up in a situation and there's a 0:16:24.240 --> 0:16:27.040 lot more at the ladder than the front, and a 0:16:27.080 --> 0:16:28.400 lot more at the ladder than the former. 0:16:28.560 --> 0:16:30.240 Even if you're doing it on principle, and I don't 0:16:30.240 --> 0:16:32.120 believe they are. I think they're doing it for the 0:16:32.200 --> 0:16:36.760 base and to pretend they're doing something. It's not effective enough. 0:16:36.840 --> 0:16:40.040 It's too late. That's the problem they've got. And so 0:16:40.960 --> 0:16:42.760 why the opposition can't go with this and the other 0:16:42.840 --> 0:16:46.280 aspect that the opposition needs to hammer away at. Excuse me, Petter, 0:16:47.000 --> 0:16:48.760 is I remember myself when I was when I was 0:16:49.040 --> 0:16:50.680 saving for a deposit, what do you do right? You 0:16:50.760 --> 0:16:53.720 buy shares. That's one of the things I did to 0:16:53.800 --> 0:16:57.720 save for a deposit all these many years ago. Young 0:16:57.760 --> 0:17:00.560 people do that, they're pretty smart. They buy these EFTs 0:17:00.640 --> 0:17:03.840 or ETFs or whatever they're called. The capital gains changes 0:17:03.920 --> 0:17:08.639 on that stuff. So then so even the saving up 0:17:08.720 --> 0:17:11.960 to the deposit is hurt by these changes. There's just 0:17:12.160 --> 0:17:15.680 so much room if they if the opposition just wants 0:17:15.760 --> 0:17:18.359 to be patient and hammer away and hammer away and 0:17:18.440 --> 0:17:19.920 hammer away. And I don't see a lot of that. 0:17:20.440 --> 0:17:23.040 I just see, you know, going to a small business 0:17:23.160 --> 0:17:27.240 round table getting asked again about one nation. Just not 0:17:27.520 --> 0:17:31.080 that real political skill. You need some skill in this business, 0:17:31.680 --> 0:17:34.160 and I don't think the opposition has enough at the moment. 0:17:34.200 --> 0:17:36.440 It's as simple as that. A guy like James Patterson 0:17:36.760 --> 0:17:40.119 has the capacity to do it. Not many others do. 0:17:40.320 --> 0:17:42.600 Hasty Hasty comes out with some good lines, but he's. 0:17:42.480 --> 0:17:43.440 A bit you know. 0:17:44.119 --> 0:17:46.000 You wouldn't you wouldn't put all your hope in him. 0:17:47.640 --> 0:17:49.560 Where's the great White hope for these guys? They don't 0:17:49.600 --> 0:17:52.439 really have it, and you mightn't need it except you've 0:17:52.440 --> 0:17:53.000 got one nation. 0:17:55.320 --> 0:17:57.199 Just quickly, I want to ask you about Luke Gosling. 0:17:57.280 --> 0:17:59.640 I saw that interview with Mark Butler, the Health Minister 0:17:59.720 --> 0:18:03.399 on the way can this limp justification that he doesn't 0:18:03.440 --> 0:18:05.720 have to stand down because he hasn't got a fed 0:18:05.760 --> 0:18:08.840 in con roll, he's only a special envoy. Well, if 0:18:08.840 --> 0:18:11.760 it isn't really that important, why do we even have it? 0:18:12.480 --> 0:18:16.239 And of course when Parliament returns, all the hypocrisy from 0:18:16.280 --> 0:18:20.320 Melbourne easy about others who have had allegations and still decide. 0:18:20.840 --> 0:18:24.720 And when it's happened, you know, to the Coalition, this 0:18:24.880 --> 0:18:27.480 folk's been charged and he's still in his. 0:18:27.600 --> 0:18:30.600 Job, that'll be interesting. 0:18:30.680 --> 0:18:31.240 So what do you do? 0:18:31.320 --> 0:18:32.879 Do you go more retail or do you go for 0:18:32.960 --> 0:18:35.159 that because you don't get many questions with the crossbencher 0:18:35.200 --> 0:18:37.720 way it is. I don't mind spending a day on 0:18:37.800 --> 0:18:41.639 Gosling because I'm like, you're such a hypoca on this stuff. 0:18:42.160 --> 0:18:48.640 It's Prime Minister's character. It's less about Gosling and it's 0:18:48.720 --> 0:18:49.320 more about. 0:18:49.480 --> 0:18:51.480 It's humorous for large I mean, you know, one of 0:18:51.480 --> 0:18:53.240 the reasons I took this on as a journalist on 0:18:53.320 --> 0:18:55.800 Sunday is because I could scarcely believe that you know, 0:18:55.960 --> 0:18:58.560 someone who went on about standards so much is so 0:18:58.760 --> 0:19:01.840 failing and implementing stef So, I mean, you just can't 0:19:01.920 --> 0:19:03.960 let these guys get away with this, whether you're an 0:19:04.000 --> 0:19:06.240 opposition or a journalist in my view. 0:19:07.480 --> 0:19:09.760 But that's the whole issue with Gena Reinhart and the ABC. 0:19:10.320 --> 0:19:12.680 I mean, every single one of the ministers I've seen 0:19:12.720 --> 0:19:16.080 over last three days have said, oh, I haven't seen it, 0:19:16.240 --> 0:19:18.680 but I don't like the idea of what I've been 0:19:18.760 --> 0:19:22.000 told you, and I know they will have all watched it. 0:19:22.240 --> 0:19:25.520 Their officers would have watched it. Every minister's been briefed. 0:19:25.840 --> 0:19:28.240 There's clearly a line gone out of Labor Head office 0:19:28.280 --> 0:19:31.080 to say, don't acknowledge that you've watched it. Pretend you 0:19:31.200 --> 0:19:33.880 haven't seen it. Go to the principle hold the line 0:19:34.200 --> 0:19:37.040 independence of the ABC. You can personally not like it. 0:19:37.280 --> 0:19:40.120 I mean, I know exactly how the game is played here, 0:19:40.600 --> 0:19:43.240 but the Prime Minister can't crow about misogyny. He can't 0:19:43.280 --> 0:19:46.320 go after ditch the witch billboards and the witch is gone, 0:19:46.359 --> 0:19:48.760 I might add, dished by a labor man. 0:19:49.720 --> 0:19:50.879 You can't go on about that. 0:19:51.160 --> 0:19:53.880 At the same time as you can't say that someone 0:19:54.000 --> 0:19:57.560 like Gina Wrighthart, who isn't even in politics, deserves an 0:19:57.560 --> 0:20:01.080 apology and that stuff should be down right now off 0:20:01.160 --> 0:20:02.280 the ABC's platform. 0:20:02.280 --> 0:20:04.040 I think they're hardening any language on it, like I 0:20:04.080 --> 0:20:07.119 think Males was a bit better today. But yeah, I 0:20:07.200 --> 0:20:11.200 mean it's just it's disgraceful stuff, right, and yeah, again 0:20:11.320 --> 0:20:14.040 it smacks of double standards. So you've really got a 0:20:14.080 --> 0:20:16.360 bit to work with. The double standards on the Gosling 0:20:16.440 --> 0:20:20.400 and this particularly Gossling in my view, the tax changes. 0:20:20.640 --> 0:20:22.480 You can build the narrative. They don't really know what 0:20:22.560 --> 0:20:27.080 they're doing. They're collapsing the housing market. They're actually hurting 0:20:27.200 --> 0:20:30.560 first home buyers and young people. And you just push 0:20:30.640 --> 0:20:32.720 and push and push on that, and there's opportunity for 0:20:32.760 --> 0:20:37.640 the first time. Albanezy still ahead on two pp one, 0:20:37.760 --> 0:20:41.040 Nation's helping him with the Libs still got ninety four seats. 0:20:41.760 --> 0:20:45.280 That's where hubrist can creep in, and particularly when you know, 0:20:46.240 --> 0:20:48.879 I mean, I just think journalists need to go a 0:20:48.920 --> 0:20:50.840 bit harder frankly, I mean, I'm not going to be 0:20:50.880 --> 0:20:53.040 critical of other journalists, but I mean we've got a 0:20:53.080 --> 0:20:56.600 situation here where these guys have too much of an 0:20:56.640 --> 0:20:59.200 advantage and that's never good for a political system. 0:21:00.960 --> 0:21:02.679 I'm looking forward to you getting back to Canberra. 0:21:02.800 --> 0:21:03.000 Mate. 0:21:03.040 --> 0:21:06.080 I think you've been missing and are much needed. I'll 0:21:06.119 --> 0:21:08.879 leave it there, thank you, Andrew Clanell. Now to that 0:21:08.960 --> 0:21:14.119 extraordinary legal loophole that's allowed two recent high profile convicted rapists. 0:21:14.520 --> 0:21:18.120 These are in two separate cases in Melbourne. The loophole 0:21:18.160 --> 0:21:22.920 that has allowed them to retain their anonymity even after 0:21:23.000 --> 0:21:24.080 they've been convicted. 0:21:24.359 --> 0:21:25.560 Well, examine this right now. 0:21:25.680 --> 0:21:30.920 Tom Sylvanney was one and Ralph Carr, sensationally named yesterday, 0:21:31.400 --> 0:21:34.920 both found guilty of rape, have become the latest examples 0:21:34.960 --> 0:21:39.120 of convicted men who have applied successfully to have their 0:21:39.280 --> 0:21:44.120 identities suppressed, at least for a short period of time. 0:21:44.400 --> 0:21:46.359 Although it's been a while in Car's case. I'll get 0:21:46.359 --> 0:21:49.399 to that in a moment. It's prompted questions as to 0:21:49.560 --> 0:21:54.280 how defendants have been able to obtain suppression orders convincing 0:21:54.320 --> 0:21:58.600 a judge that exposing their identities will somehow impact their 0:21:58.680 --> 0:22:02.560 mental health. Savvy barristers, of course, have been taking advantage 0:22:02.560 --> 0:22:04.760 of this for some time. The critics say we've got 0:22:04.800 --> 0:22:08.560