WEBVTT - Credlin | 6 July 0:00:02.360 --> 0:00:08.160 Peter Kredlin live on Sky News Australia. 0:00:08.840 --> 0:00:12.240 Good evening and welcome to the show. I'm Jamie Rodgers 0:00:12.320 --> 0:00:16.040 filling in for Peter Kredline. Here's what's coming up tonight 0:00:16.160 --> 0:00:17.360 on the program. 0:00:17.600 --> 0:00:19.080 A blow for mortgage holders. 0:00:19.200 --> 0:00:23.120 New forecasts suggests interest rate cuts may not arrive until 0:00:23.200 --> 0:00:28.280 well into next year. We'll examine why questions amounting over 0:00:28.360 --> 0:00:32.880 Victoria's bail laws after a teenager granted bail just four 0:00:32.960 --> 0:00:37.800 days before allegedly killing a fifteen year old schoolboy outside 0:00:37.880 --> 0:00:42.479 a Melbourne hospital. Residents in the Northern Tablelands in New 0:00:42.520 --> 0:00:46.479 South Wales are calling for an urgent review of Australia's 0:00:46.479 --> 0:00:50.639 current energy policies. So what's been the response from the government. 0:00:51.800 --> 0:00:54.880 And just as Australia and Fiji sign up to a 0:00:54.920 --> 0:00:59.440 new defense alliance, a Chinese submarine has fired a test 0:01:00.080 --> 0:01:03.080 nuclear capable missile in the South Pacific. 0:01:04.000 --> 0:01:09.319 We were informed by China today of its intention to 0:01:09.560 --> 0:01:14.400 do this test. This is a long range missile test 0:01:14.440 --> 0:01:18.880 and we are very concerned about any actions which undermine 0:01:19.000 --> 0:01:22.520 the stability, the peace and security of the Pacific. 0:01:24.400 --> 0:01:28.600 But first, what is more dangerous for Australia. A Prime 0:01:28.600 --> 0:01:32.679 Minister that's arrogant, or a prime minister that's out of touch. 0:01:33.520 --> 0:01:37.360 Arrogance has a habit of revealing itself, and this weekend 0:01:37.560 --> 0:01:42.759 Anthony Alberanezi didn't just reveal it, he celebrated it. Speaking 0:01:42.760 --> 0:01:46.720 to the labor faithful, the Prime Minister dismissed criticism of 0:01:46.760 --> 0:01:48.280 his latest tax changes. 0:01:48.840 --> 0:01:50.440 Pulling for reform is easy. 0:01:51.160 --> 0:01:53.160 Delivering it that's hard. 0:01:55.280 --> 0:01:58.120 The Prime Minister then went on to insult anyone who 0:01:58.200 --> 0:01:59.640 questioned the reforms. 0:02:00.240 --> 0:02:04.800 But if you put the entirely predictable and barely coherent 0:02:04.920 --> 0:02:09.040 noise from the usual suspects to one side. 0:02:09.120 --> 0:02:14.040 The usual suspects, who exactly is he talking about? Fintech 0:02:14.120 --> 0:02:18.919 founder Julian Fayard, who started the viral Albogetz forty seven 0:02:19.000 --> 0:02:22.960 percent meme, has said the questions surrounding the tax reforms 0:02:22.960 --> 0:02:26.320 have fallen on deaf ears. It's getting to that point 0:02:26.360 --> 0:02:30.080 where they have taken away every single pathway that Australians 0:02:30.120 --> 0:02:34.120 could have built wealth. The Prime Minister says, critics simply 0:02:34.200 --> 0:02:39.000 don't understand the reforms, but listen to who's criticizing them. 0:02:39.400 --> 0:02:45.680 The Business Council, the Council of Small Business Organizations, accountants, economists, 0:02:46.360 --> 0:02:50.600 they're practical concerns from the people who create jobs, and 0:02:50.680 --> 0:02:55.359 perhaps that's the real problem. Anthony Alberizi has spent virtually 0:02:55.440 --> 0:02:59.919 his entire working life inside politics. He's never had to work, 0:03:00.000 --> 0:03:03.320 worry about paying staff, never had to re mortgage the 0:03:03.360 --> 0:03:08.000 house to keep a business alive. Yet he arrogantly dismisses 0:03:08.080 --> 0:03:13.560 those who have as the usual suspects. Labor insists more 0:03:13.600 --> 0:03:17.760 than ninety percent of small businesses won't be affected. But 0:03:17.800 --> 0:03:21.360 when thousands of businesses tell you that they're worried, you 0:03:21.440 --> 0:03:22.600 don't insult them. 0:03:23.200 --> 0:03:23.880 You listen. 0:03:24.680 --> 0:03:29.000 The coalition claims small businesses tax bills could increase by 0:03:29.080 --> 0:03:33.519 fifty thousand dollars due to Labour's trust changes, which will 0:03:33.560 --> 0:03:38.640 impact discretionary funds with a minimum thirty percent tax. Opposition 0:03:38.720 --> 0:03:42.520 leader Angus Taylor said the modeling was evidence Labour was 0:03:42.600 --> 0:03:46.280 trying to punish the way small businesses have been set 0:03:46.360 --> 0:03:50.360 up for years. Labor is coming after the chippy, the builder, 0:03:50.720 --> 0:03:54.160 the plumber, and the family business that has worked hard, 0:03:54.720 --> 0:03:58.560 taken risks and done the right thing. This is not 0:03:58.840 --> 0:04:04.040 tax reform, it's an assault on aspiration. Labor sold these 0:04:04.160 --> 0:04:07.520 changes as a way to help first home buyers, But 0:04:07.560 --> 0:04:12.960 even people on the ground say that's not what's happening. Auctioneers, agents, 0:04:13.120 --> 0:04:17.159 brokers and economists are warning the market is being hit 0:04:17.400 --> 0:04:18.680 in the wrong places. 0:04:19.400 --> 0:04:21.719 We've got lots of first home buyers out there. I 0:04:21.760 --> 0:04:24.520 see them week to week when they're unsuccessful on purchasing 0:04:24.520 --> 0:04:27.640 at auction. The one thing that's so difficult for them 0:04:27.760 --> 0:04:30.719 is that they just keep getting beaten by investors. They 0:04:30.920 --> 0:04:33.320 just they have a certain amount of money to spend 0:04:33.480 --> 0:04:36.159 their capped and they're also very nervous. 0:04:38.279 --> 0:04:41.599 So if the policy was meant to make housing more affordable, 0:04:41.960 --> 0:04:45.640 the question is simple, where's the evidence that this is 0:04:45.760 --> 0:04:49.960 actually working? Because right now it looks less like housing 0:04:50.040 --> 0:04:53.760 reform and more like another tax grab dressed up as 0:04:53.839 --> 0:04:57.760 help for young Australians. Perhaps if the Prime Minister spent 0:04:57.960 --> 0:05:02.440 less time dismissing the people who build Australia's economy and 0:05:02.560 --> 0:05:06.919 more time listening to them, he'd understand why so many 0:05:06.960 --> 0:05:12.719 Australians feel they're working harder yet falling further behind. Because 0:05:12.760 --> 0:05:16.120 this wasn't just a tone deaf speech. It was a 0:05:16.160 --> 0:05:20.839 window into how this government sees aspiration, not something to 0:05:21.040 --> 0:05:24.240 encourage but something to tax. 0:05:28.760 --> 0:05:29.039 Forget. 0:05:29.120 --> 0:05:33.159 The political spin. Australia has become one of the worst 0:05:33.240 --> 0:05:38.640 performing developed economies for underlying inflation. Economists and our warning 0:05:38.680 --> 0:05:42.240 another rate rise is on the cards, and many believe 0:05:42.360 --> 0:05:46.839 cuts won't come until next year. Our underlying inflation rate, 0:05:47.080 --> 0:05:51.239 the measure the Reserve Bank actually watches, rose to three 0:05:51.320 --> 0:05:55.760 point six percent in May. And this matters because inflation 0:05:56.160 --> 0:05:59.600 it's not just a number. It's the reason your mortgage 0:05:59.600 --> 0:06:03.799 stays higher, your rents keep rising, and your weekly shop 0:06:03.920 --> 0:06:07.920 costs more. And it's the reason first home buyers who 0:06:08.040 --> 0:06:11.599 stretched themselves to get into the market are now facing 0:06:11.920 --> 0:06:13.039 negative equity. 0:06:13.839 --> 0:06:15.440 The thing is with negative equity, you know, I see 0:06:15.440 --> 0:06:17.279 a lot of commentators going, oh, well, it doesn't matter 0:06:17.279 --> 0:06:18.920 if you're you know, if you're not going to sell 0:06:18.960 --> 0:06:22.000 your property and you've bought, you know, it doesn't. 0:06:21.720 --> 0:06:22.760 Matter if you're negative equity. 0:06:22.800 --> 0:06:25.640 I mean, that's one of the dumbest comments you could 0:06:25.880 --> 0:06:28.880 ever say, because to go and buy a property for 0:06:28.960 --> 0:06:31.040 say a million dollars and then it goes down in 0:06:31.120 --> 0:06:33.040 value and you've got a ninety five percent loan, you're 0:06:33.080 --> 0:06:36.159 paying an exorbitant mortgage, and to say that that doesn't 0:06:36.160 --> 0:06:37.680 matter if you don't sell the property because you don't 0:06:37.680 --> 0:06:39.240 realize the loss, but you could have been renting the 0:06:39.279 --> 0:06:42.520 property for significantly cheaper. For people to come out and say, oh, 0:06:42.520 --> 0:06:44.720 it doesn't matter, you know they're in negative equity, I mean, 0:06:44.720 --> 0:06:48.560 it's just an idiotic statement in my opinion. 0:06:49.360 --> 0:06:54.159 And Louis Christopher from SQM Research said negative equity will 0:06:54.200 --> 0:06:57.520 have further flow on impacks in other areas. 0:06:58.279 --> 0:07:01.520 I regard that it's about the sick in worse financial 0:07:01.560 --> 0:07:07.559 situation for anyone short of bankruptcy. Negative equities awfal where 0:07:08.120 --> 0:07:11.560 you owe more on that property rather than what the 0:07:11.600 --> 0:07:14.160 property is actually worth. The issue will be that you 0:07:14.160 --> 0:07:16.920 will not be able to borrow money from anywhere else 0:07:16.960 --> 0:07:18.840 for any other purpose. You will be able to borrow 0:07:18.920 --> 0:07:21.200 money for a business while you're in negative equity. You 0:07:21.240 --> 0:07:22.800 will be able to borrow money for a car. 0:07:24.520 --> 0:07:28.240 And that's the human cost of getting policy wrong. The 0:07:28.280 --> 0:07:32.720 Treasurer says high inflation is because of COVID, Ukraine and 0:07:32.800 --> 0:07:36.600 the Middle East, but leading economists say our inflation problem 0:07:36.720 --> 0:07:41.200 is home growing. KPMG Chief economist Brendan Bryan said, with 0:07:41.280 --> 0:07:44.840 the benefit of hindsight, the RBA's three cash rate cuts 0:07:44.920 --> 0:07:48.440 last year were a mistake. There was a general misreading 0:07:48.480 --> 0:07:51.160 of what was happening in inflation in the first half 0:07:51.200 --> 0:07:54.840 of last year, on the expectation that inflation was going 0:07:54.880 --> 0:07:58.760 to come back down within the target range, and therefore 0:07:58.960 --> 0:08:01.760 the RBA took it foot off the break and started 0:08:01.840 --> 0:08:07.000 loosening monetary policy too early. So while other countries have 0:08:07.120 --> 0:08:11.040 done the hard work of getting inflation under control, Australia 0:08:11.200 --> 0:08:16.280 is still stuck because government keeps spending and pouring fuel 0:08:16.600 --> 0:08:20.280 on the fire. The federal spending is expected to reach 0:08:20.360 --> 0:08:24.920 twenty six point eight percent of GDP, the highest level 0:08:25.120 --> 0:08:30.120 ever Outside the pandemic government funded jobs. They continue to 0:08:30.120 --> 0:08:34.800 grow NDIS spending is continuing to surge, and all of 0:08:34.840 --> 0:08:37.920 that keeps demand in the economy higher. 0:08:37.720 --> 0:08:39.040 Than it otherwise would be. 0:08:39.800 --> 0:08:42.600 So while the IBA is trying to slow inflation with 0:08:42.760 --> 0:08:48.160 higher interest rates, governments are still spending. Inflation is not beaten, 0:08:48.880 --> 0:08:52.360 and for too many Australians the cost of living crisis 0:08:52.520 --> 0:09:00.120 is not ending. It's now a way of life. Well, 0:09:00.200 --> 0:09:03.040 let's head to Canberra now for tonight's political headlines. For 0:09:03.120 --> 0:09:05.680 Sky News political reporter Ruben Spargo. 0:09:06.520 --> 0:09:10.720 Good evening, China has fired a submarine launched ballistic missile 0:09:10.840 --> 0:09:14.880 fitted with a simulated warhead into the South Pacific Ocean. 0:09:15.040 --> 0:09:18.080 Beijing is describing the launch as a routine part of 0:09:18.080 --> 0:09:22.160 its military training, saying governments across the region were notified 0:09:22.240 --> 0:09:23.079 in advance. 0:09:23.559 --> 0:09:26.240 Australia has been clear with China that we regard this 0:09:26.559 --> 0:09:28.560 as destabilizing to the region. 0:09:28.880 --> 0:09:33.320 We are very concerned about any actions which undermine the 0:09:33.360 --> 0:09:36.760 stability the peace and security of the Pacific. 0:09:36.920 --> 0:09:40.119 Australia is learning of the misstyle test as Anthony Albernizi 0:09:40.240 --> 0:09:44.640 steps up diplomacy in Fiji. The country's two leaders today 0:09:44.720 --> 0:09:47.840 signed the Ocean of Peace Alliance. It's a new pact 0:09:47.920 --> 0:09:52.439 that includes mutual defense commitments if either nation comes under attack. 0:09:53.080 --> 0:09:58.000 The significance of this agreement cannot be underestimated, much for 0:09:58.160 --> 0:10:01.120 what it means for our two great nations. 0:10:01.280 --> 0:10:04.400 The federal government is working to prevent China from establishing 0:10:04.440 --> 0:10:08.160 a military foothold in the Pacific, move that appears to 0:10:08.240 --> 0:10:12.640 have drawn Beijing's displeasure. Auction clearance rates in Australia are 0:10:12.640 --> 0:10:16.880 falling below fifty percent for the ninth consecutive week. The 0:10:16.960 --> 0:10:20.360 trend follows a period of higher interest rates and Labour's 0:10:20.400 --> 0:10:25.080 controversial housing tax reforms. The government maintains its policies aimed 0:10:25.120 --> 0:10:27.920 at helping more first time buys enter the market. 0:10:29.440 --> 0:10:32.040 All right, let's jump into what's making news with our 0:10:32.040 --> 0:10:35.880 Monday night panels, Sky News contributor Kreli, Katz and Barnas 0:10:35.960 --> 0:10:42.240 and former Liberal MP Nicole Flint. Ladies, Welcome to you both. Gee, 0:10:42.360 --> 0:10:44.720 it was a train wreck. The Prime Minister has been 0:10:44.720 --> 0:10:49.400 forced into an apology over his comments regarding Kylie Minogue. 0:10:49.480 --> 0:10:53.280 His office they did issue a statement. Now a lot 0:10:53.280 --> 0:10:56.319 of this criticism here and look, I think rightly, so 0:10:56.520 --> 0:10:58.880 this is locker room talk from somebody who's meant to 0:10:58.920 --> 0:11:02.240 be leading the nation on the world stage. Carroly, what 0:11:02.320 --> 0:11:03.720 did you make of the comments? 0:11:05.200 --> 0:11:09.079 I think it's absolutely disgusting, certainly not prime ministerial, and 0:11:09.280 --> 0:11:10.880 you know he doesn't even have the guts to hold 0:11:10.880 --> 0:11:13.680 a press conference. As for a statement, it was a 0:11:13.760 --> 0:11:16.720 six words sentence. I mean, this is really bad. Where 0:11:16.720 --> 0:11:19.839 are all the labor feminists now? Or they're solent, aren't they? 0:11:19.840 --> 0:11:23.120 They care more about their political careers than anything else. 0:11:23.160 --> 0:11:26.880 So I also think it's incredibly disrespectful to his wife, Jody. 0:11:27.800 --> 0:11:28.800 He laughs it away. 0:11:29.200 --> 0:11:32.439 I mean we've had many mishaps by him. This wasn't 0:11:32.480 --> 0:11:35.840 a hot Mike moment. This was a considered thing that 0:11:35.880 --> 0:11:40.080 he actually did, and it's absolutely it's vomit worthy. I mean, 0:11:40.200 --> 0:11:43.080 you know, what's the use going to be? Now? What 0:11:43.120 --> 0:11:45.760 if it had been a liberal leader that had actually 0:11:45.760 --> 0:11:48.040 done this, they'd be calling for them to stand down. 0:11:48.080 --> 0:11:50.760 But no, he's off in Fiji doing whatever, you know, 0:11:50.880 --> 0:11:51.640 whatever he is. 0:11:51.920 --> 0:11:52.720 I mean, I know he's. 0:11:52.559 --> 0:11:54.720 Signing a defense pact, but you know, I've also got 0:11:54.800 --> 0:11:57.680 China that's just launched the missile. My message is do 0:11:57.760 --> 0:12:00.640 your job, Prime Minister, stop trying to do something like this. 0:12:00.760 --> 0:12:04.040 The other thing is he says he apologizes unequivocally. I 0:12:04.080 --> 0:12:07.719 haven't seen him apologize unequivocally for Bondai or for not 0:12:07.800 --> 0:12:10.360 actually wanting to hold a royal commission when all sides 0:12:10.400 --> 0:12:13.679 of politics were wanting it. I just think it's disgusting 0:12:13.800 --> 0:12:17.000 and absolutely degrading. And all those people that are saying, oh, 0:12:17.040 --> 0:12:19.800 it's just a bit of fun laughing off, No, this 0:12:19.960 --> 0:12:22.560 is not something that you can actually laugh off. 0:12:22.840 --> 0:12:24.480 This is just awful. 0:12:25.600 --> 0:12:29.480 Nicole Caroly does make a very good point in terms 0:12:29.559 --> 0:12:32.800 of if this was Angus Taylor that had said those comments, 0:12:33.000 --> 0:12:36.000 or a CEO within a business in the private sector, 0:12:36.160 --> 0:12:39.160 there would be calls for them to stand down or 0:12:39.200 --> 0:12:42.280 to be sacked. How do you think these conversations have 0:12:42.320 --> 0:12:44.160 gone behind closed doors in Canberra? 0:12:45.520 --> 0:12:48.240 Well, I think the question for the Australian people is 0:12:48.280 --> 0:12:52.239 if our Prime Minister is willing to make such derogatory 0:12:52.280 --> 0:12:57.040 and disrespectful statements about women and including his wife, in public, 0:12:57.200 --> 0:13:00.200 what is he saying behind closed doors about women's So 0:13:00.960 --> 0:13:03.079 if it was anyone else, if it was Angus Taylor, 0:13:03.120 --> 0:13:04.800 if it was a CEO, if it was imagine if 0:13:04.840 --> 0:13:06.920 it was, you know, the coach of a footy team, 0:13:07.640 --> 0:13:11.160 they would the media would rightly be calling for them 0:13:11.280 --> 0:13:15.160 to stand down. And I would be very interested to 0:13:15.160 --> 0:13:16.960 see whether we hear that from the likes of the 0:13:17.000 --> 0:13:20.880 ABC and the Fairfax Media and Channel nine. I doubt 0:13:20.960 --> 0:13:22.880 that we will. But you know, we know that the 0:13:22.960 --> 0:13:26.520 Prime Minister has double standards when it comes to the 0:13:26.559 --> 0:13:29.000 issue of women. I am better aware than most. I 0:13:29.080 --> 0:13:31.360 spent a long time when I was in Federal Parliament 0:13:31.679 --> 0:13:34.680 holding him to account for the fact that he claims 0:13:34.679 --> 0:13:36.760 to be on the side of women, but time and 0:13:36.800 --> 0:13:40.839 time again does not demonstrate that by his actions, and 0:13:40.880 --> 0:13:44.120 now he has exposed himself pardon the pun, for the 0:13:44.280 --> 0:13:48.480 entire nation to say. It's appalling and quite frankly, I 0:13:48.520 --> 0:13:51.080 think he should quit, and also Carole. 0:13:51.520 --> 0:13:53.400 I'll move on from this in a moment, but just 0:13:53.440 --> 0:13:56.439 in his reference to those melons when he was talking 0:13:56.520 --> 0:13:59.800 about the Japanese Prime minister gave them to him as 0:13:59.800 --> 0:14:02.640 a gift, and some of those melons, apparently one of 0:14:02.679 --> 0:14:06.080 them is reportedly cost around twenty five thousand dollars and 0:14:06.280 --> 0:14:08.160 the Japanese ministry would have gone to a lot of 0:14:08.160 --> 0:14:11.760 trouble to select those melons for him, and then he 0:14:11.920 --> 0:14:15.320 was mocking them on this podcast for bringing them into 0:14:15.360 --> 0:14:16.800 the country as the gift. 0:14:17.040 --> 0:14:18.040 What did you think of that? 0:14:19.640 --> 0:14:22.480 Well, that's disgraceful as well. I think that he referred 0:14:22.520 --> 0:14:26.320 to Pamela Anderson from her Baywatch days. But the thing 0:14:26.360 --> 0:14:29.600 that I'm fed up about is he never ever takes responsibility. 0:14:30.000 --> 0:14:32.360 He should have been holding a press conference with this, 0:14:32.840 --> 0:14:35.800 not with the safety overseas and a six word as 0:14:35.840 --> 0:14:37.920 I said, it was a six word statement saying I 0:14:37.960 --> 0:14:39.440 apologize unequivocally. 0:14:40.000 --> 0:14:41.000 It's just not good. 0:14:41.360 --> 0:14:43.480 I mean, we've had his comments in the past when 0:14:43.520 --> 0:14:46.680 he's been rankled, you know about Turette's now I've had 0:14:46.720 --> 0:14:51.720 it about melons. He also used the podcaster Abby Chapfield. 0:14:51.840 --> 0:14:53.960 That hasn't gone down too well. Don't need to go 0:14:54.040 --> 0:14:57.000 into that either. But this is just not good. It's 0:14:57.040 --> 0:15:00.160 no point trying to inadverted commas be trend. 0:15:00.600 --> 0:15:01.720 That's not your job. 0:15:02.040 --> 0:15:05.560 Your job is Prime Minister to actually lead this nation. 0:15:06.160 --> 0:15:11.200 His comments have gone worldwide, worldwide. It's not an image 0:15:11.200 --> 0:15:13.960 that we actually want of Australia. And as I said, 0:15:14.360 --> 0:15:17.800 convenient that China's now launched the missile I would have said, 0:15:17.920 --> 0:15:21.120 very predictable. His needs to keep his eye on the 0:15:21.160 --> 0:15:24.920 ball and keep the best interests of Australian front and 0:15:25.000 --> 0:15:29.120 foremost he's not doing that. It's an insult and an embarrassment. 0:15:30.240 --> 0:15:33.440 And Nicole, what about this news today where Australia has 0:15:33.520 --> 0:15:38.440 become an international inflation outlier. Economists are arguing that the 0:15:38.520 --> 0:15:41.280 RBA has not done enough to bring price pressures under 0:15:41.280 --> 0:15:45.720 control or offset the inflationary effect of elevated state and 0:15:45.760 --> 0:15:49.600 federal government spending. Who should be accountable here is that 0:15:49.680 --> 0:15:53.120 the RBA or Jim Chalmers. It doesn't seem like anyone 0:15:53.200 --> 0:15:55.320 is really taking account for the inflation problem. 0:15:55.320 --> 0:15:55.840 That we're having. 0:15:57.000 --> 0:16:01.160 Look, the IBA have limited means to bread down inflation, 0:16:01.400 --> 0:16:04.680 and that really is by putting interest rates up. I 0:16:04.720 --> 0:16:07.880 think we could have seen stronger language and warnings from 0:16:07.960 --> 0:16:10.920 the RBA along the way, but they have very limited 0:16:10.960 --> 0:16:16.000 means to impact inflation. This is almost purely the responsibility 0:16:16.160 --> 0:16:19.640 of the alban Easy Labor government and treasure at Jim Charmers. 0:16:19.640 --> 0:16:23.120 They're spending is completely out of control. It's been out 0:16:23.160 --> 0:16:27.040 of control for two terms now, and they are responsible 0:16:27.080 --> 0:16:31.000 to the Australian people for the economic trauma that households 0:16:31.160 --> 0:16:34.960 and businesses are going through. So households and businesses are 0:16:35.040 --> 0:16:38.080 raining in their spending and the government is not doing that, 0:16:38.320 --> 0:16:43.200 which is keeping rates high but also causing more pain, 0:16:43.360 --> 0:16:46.920 more economic and financial pain to Australian tax payers. 0:16:48.440 --> 0:16:51.840 And Caroly I just want to look at the rates fear. 0:16:51.920 --> 0:16:54.360 At the moment, economists are now predicting that we are 0:16:54.440 --> 0:16:57.560 expected to see another rate rise and this does come 0:16:57.560 --> 0:17:01.320 at a time where auction clearance rates are continuing to 0:17:01.800 --> 0:17:05.240 go backwards. What does this say about the current state 0:17:05.440 --> 0:17:08.680 of our property market? But also for how tough Australians 0:17:08.680 --> 0:17:11.040 are already doing it. They're going to face another rate rise. 0:17:12.400 --> 0:17:14.920 Well, it just shows I can speak for here in Victoria, 0:17:15.000 --> 0:17:18.439 there's just a loss of confidence in the market. So 0:17:18.560 --> 0:17:22.320 many properties are just passed in for auction clearance rates. 0:17:22.600 --> 0:17:25.760 It shows that people do not trust this government. We 0:17:25.880 --> 0:17:29.440 know since the worst budget ever handed down in Australian history. 0:17:29.680 --> 0:17:32.600 People are worried because they're being told one thing by 0:17:32.640 --> 0:17:36.400 Anthony Albanesian Jim Charmers. They're believing that and then they're 0:17:36.440 --> 0:17:39.520 being gas lit and the rules and the goalposts. 0:17:38.960 --> 0:17:40.360 Are completely being changed. 0:17:40.600 --> 0:17:42.479 And it's not good because it has a lot of 0:17:42.520 --> 0:17:45.480 flow on effects throughout the property market. And yes, of 0:17:45.520 --> 0:17:48.399 course we want people to be able to afford houses 0:17:48.400 --> 0:17:50.760 and afford them, but it just seems that people that 0:17:50.840 --> 0:17:54.320 maybe landlords are just being penalized for putting a roof 0:17:54.440 --> 0:17:57.320 over people's heads. We also know that the changes in 0:17:57.359 --> 0:18:00.560 the budget are not going to increase supply or help 0:18:00.600 --> 0:18:03.920 more Australians get get into a home, and it's just 0:18:03.960 --> 0:18:06.159 not good. I think it's just a lack of confidence. 0:18:06.440 --> 0:18:10.040 People are just wondering what next, what are they going 0:18:10.119 --> 0:18:12.080 to be lied to about next? And so, as I 0:18:12.080 --> 0:18:14.880 said in Melbourne, it's the fourth week in a row 0:18:15.160 --> 0:18:18.199 since the budget where auction clearance rates are just not 0:18:18.320 --> 0:18:21.240 what they were and people are not wanting to invest 0:18:21.359 --> 0:18:24.520 in this state and it has a ripple effect throughout Australia, 0:18:24.560 --> 0:18:29.720 throughout the economy, throughout families, businesses, and it's just not good. 0:18:30.920 --> 0:18:33.000 And Nicole, Before I let you go, I do want 0:18:33.040 --> 0:18:36.280 to get your thoughts on an interesting one that's come 0:18:36.280 --> 0:18:39.320 out of Sydney, and this does follow the recent shark attacks. 0:18:39.760 --> 0:18:41.920 A company is now working on a trial that could 0:18:41.920 --> 0:18:45.280 see oversized drones deployed as a new line of defense 0:18:45.320 --> 0:18:49.720 for not just ocean surveillance but also bushfires. Now there's 0:18:49.720 --> 0:18:51.919 obviously been a lot of talk about what's going to 0:18:51.960 --> 0:18:55.119 prevent attacks. What do you think about technology like this? 0:18:56.440 --> 0:18:59.240 I welcome any new technology that might be able to 0:18:59.320 --> 0:19:03.040 help keep people safe in our oceans. There is nothing 0:19:03.080 --> 0:19:06.359 more Aussie than going to the beach, especially here in 0:19:06.400 --> 0:19:10.720 Sydney with such iconic beautiful beaches. But I don't want 0:19:10.720 --> 0:19:13.239 to see governments, state or federal using this as an 0:19:13.240 --> 0:19:17.600 excuse to not implement the other very important mitigation measures, 0:19:17.600 --> 0:19:21.840 which include nets, drum lines, and we need to see 0:19:21.880 --> 0:19:25.440 some culling. It is just absolutely shocking that we've seen 0:19:25.960 --> 0:19:28.800 and distressing that we've seen the recent tragic attack here 0:19:28.840 --> 0:19:34.200 in Sydney and it's inexcusable. Governments have one real job, 0:19:34.440 --> 0:19:38.280 which is to keep people safe. And great if drones 0:19:38.320 --> 0:19:41.480 can increase that, but we need to be implementing the 0:19:41.520 --> 0:19:44.480 full range of measures to protect human lives. 0:19:45.760 --> 0:19:47.439 Well, that's definitely a topic we're going to have to 0:19:47.440 --> 0:19:50.600 pick up and continue on speaking next time. That Carolene 0:19:50.600 --> 0:19:52.359 and Nicole, thank you so much for your time this 0:19:52.440 --> 0:19:57.440 evening after the break, another weekend in Melbourne, another teenage 0:19:57.480 --> 0:20:00.160 death and a family left to pick up the pieces 0:20:00.560 --> 0:20:04.280 at another fire bombing in Melbourne. As the tobacco wars continue, 0:20:04.600 --> 0:20:06.639 we speak to the man who hopes to bring this 0:20:06.800 --> 0:20:14.720 madness to an end. Next welcome back up soon, how 0:20:14.760 --> 0:20:18.320 the community fight against a renewable energy project in New 0:20:18.359 --> 0:20:22.840 England has become a national movement. But now to the 0:20:22.920 --> 0:20:26.560 anger over the latest decision by a magistrate to grant 0:20:26.600 --> 0:20:29.600 bail to a sixteen year old who just four days 0:20:29.680 --> 0:20:33.680 later allegedly stabbed a fifteen year old schoolboy to death 0:20:33.840 --> 0:20:37.840 outside of Melbourne Hospital. Three teenagers have now been charged 0:20:37.920 --> 0:20:42.040 over this alleged murder of Darwesh Muhammad, a case that 0:20:42.119 --> 0:20:46.719 has reignited scrutiny of Victoria's bail laws, youth crime and 0:20:46.800 --> 0:20:50.160 whether repeat young offenders are being kept off the streets 0:20:50.280 --> 0:20:55.160 before tragedy strikes. Joining me now is Victoria's shadow Police Minister, 0:20:55.359 --> 0:20:56.119 Brad Batten. 0:20:56.960 --> 0:20:59.000 Brad, it's great. 0:20:58.800 --> 0:21:01.240 To see you, but at the same time, it's not 0:21:01.480 --> 0:21:03.080 because we're here again. 0:21:05.520 --> 0:21:07.080 This is when we're getting to that stage. 0:21:07.160 --> 0:21:10.600 We've seen this now nearly thirty times that young men 0:21:10.640 --> 0:21:14.320 in Victoria, predominantly men, have been stabbed and killed because 0:21:14.320 --> 0:21:16.840 of the knife crime here in our state. And too 0:21:16.880 --> 0:21:19.679 often we hear exactly what you just said where it 0:21:19.760 --> 0:21:23.239 was someone who was on bail who's actually allegedly. 0:21:22.680 --> 0:21:23.560 Committed the crime. 0:21:24.160 --> 0:21:25.960 But we've seen it where they have committed the crime 0:21:25.960 --> 0:21:28.119 in the past or they get off with no sentencing. 0:21:28.600 --> 0:21:30.600 So we need to see changes here in the state. 0:21:30.760 --> 0:21:33.120 And I actually did a video today and just spoke 0:21:33.160 --> 0:21:36.000 about this, and maybe it's in someone's name now so 0:21:36.040 --> 0:21:38.840 people don't forget it and actually say we need something 0:21:38.880 --> 0:21:41.360 like Darwish's law so we ensure that we can protect 0:21:42.080 --> 0:21:44.639 young men in our streets and stop this crime crisis. 0:21:45.600 --> 0:21:49.560 You're spot on, they need I think correct Darwish's law 0:21:49.720 --> 0:21:52.480 is probably one that can really stick and have some impact. 0:21:52.920 --> 0:21:53.960 I watched the family. 0:21:54.240 --> 0:21:56.119 They had an interview with the Herald's son and it 0:21:56.200 --> 0:21:59.720 was just devastating listening to them speaking about the loss 0:21:59.800 --> 0:22:02.840 of their son. Now the Premier, just Into Alan did 0:22:02.880 --> 0:22:06.880 contact the family directly over the weekend. But these families 0:22:06.880 --> 0:22:09.960 don't need compassion, Brad, it is it's action and just 0:22:10.000 --> 0:22:13.479 Into Alan says that policy changes like adult time adult 0:22:13.480 --> 0:22:15.280 crime are making a difference. 0:22:15.320 --> 0:22:17.920 But is that really true. 0:22:18.480 --> 0:22:20.400 No, And as I said, I do I give credit 0:22:20.440 --> 0:22:22.000 where credit is due. It'd be tough to go and 0:22:22.080 --> 0:22:25.000 visit the family after that, so credits the premier for 0:22:25.040 --> 0:22:27.600 doing that and going and listening. But I think it's 0:22:27.640 --> 0:22:29.880 become too often where we've gone and heard the story 0:22:29.920 --> 0:22:32.840 of the government going and listening and then nothing happening after. 0:22:33.760 --> 0:22:36.160 And I think it's really important when the governments say 0:22:36.160 --> 0:22:39.600 they've got adult crime for adult time or for violent crime, 0:22:40.280 --> 0:22:43.240 we know that that's actually just not real. They've got 0:22:43.240 --> 0:22:45.520 so many parts of that that are missing, like serious 0:22:45.520 --> 0:22:49.920 assaults arson. Yes, some of these serious knife crime ones 0:22:49.960 --> 0:22:52.200 would be in there, but we also know that when 0:22:52.200 --> 0:22:53.720 they get to the courts, no one knows what to 0:22:53.720 --> 0:22:55.320 do with these kids. They'll end up with the same 0:22:55.359 --> 0:22:58.160 sentencing no matter what court they're in because the government 0:22:58.200 --> 0:23:00.720 haven't changed the rules to say that there's got to 0:23:00.720 --> 0:23:03.560 be some extra penalty. Send a very clear message to 0:23:03.600 --> 0:23:06.359 the courts that as a government, as a parliament, we 0:23:06.400 --> 0:23:09.159