1 00:00:00,280 --> 00:00:02,240 Speaker 1: That's the Tasman hoar make Murray holds back with this. 2 00:00:02,279 --> 00:00:04,080 Speaker 2: Morning mate, Michael, very good morning. 3 00:00:04,280 --> 00:00:06,960 Speaker 1: And I would imagine that Elbaneze would like to be 4 00:00:07,320 --> 00:00:10,440 Speaker 1: within the Quad, within the heavyweights of the global community 5 00:00:10,520 --> 00:00:14,040 Speaker 1: while he watches his popularity numbers plummet, like. 6 00:00:14,840 --> 00:00:20,279 Speaker 2: Indeed the Quad meeting in Delaware, Joe Biden's I guess 7 00:00:21,239 --> 00:00:25,960 Speaker 2: his final appearance is the leader of the Quad Japan, Australia, 8 00:00:26,000 --> 00:00:28,960 Speaker 2: India and the United States. And look, it's a photo 9 00:00:29,000 --> 00:00:32,519 Speaker 2: opportunity for a prime minister who's under pressure. It doesn't 10 00:00:32,720 --> 00:00:35,800 Speaker 2: hurt your chances. I wouldn't have thought to be photographed 11 00:00:35,840 --> 00:00:40,839 Speaker 2: with the leaders of three major international democracies, including the 12 00:00:40,920 --> 00:00:44,480 Speaker 2: president of the United States. The hot mic moment, well, 13 00:00:44,640 --> 00:00:48,800 Speaker 2: I mean, I think it's probably bleedingly obvious to everybody 14 00:00:48,840 --> 00:00:51,520 Speaker 2: who's got half a brain. What Joe Biden said about 15 00:00:51,640 --> 00:00:56,840 Speaker 2: China is absolutely crystal clear. Of course, China's looking at 16 00:00:56,880 --> 00:00:58,640 Speaker 2: the Quad and thinking what's it going to mean for 17 00:00:58,760 --> 00:01:02,600 Speaker 2: us in the years ahead. Joe Biden's a big fan 18 00:01:02,680 --> 00:01:06,280 Speaker 2: of the Quad, so to Albanizi, and until we hear otherwise, 19 00:01:06,280 --> 00:01:08,080 Speaker 2: I guess Peter Dutton is as well. I know a 20 00:01:08,120 --> 00:01:11,440 Speaker 2: lot of labor leaders over here, Paul Keating, Bob Carr 21 00:01:11,520 --> 00:01:14,880 Speaker 2: and the like, they're all furiously anti Quad. They're anti 22 00:01:15,040 --> 00:01:18,320 Speaker 2: orcas they say, China is the big player in our 23 00:01:18,400 --> 00:01:21,160 Speaker 2: backyard and we should cut our apron strings that tire 24 00:01:21,240 --> 00:01:24,240 Speaker 2: us to Washington. That's not going to happen either. So look, 25 00:01:24,280 --> 00:01:28,240 Speaker 2: it's interesting the Quad. Albanzi took the chance to go 26 00:01:28,319 --> 00:01:31,360 Speaker 2: and be photographed with the president, but he's got problems 27 00:01:31,400 --> 00:01:33,640 Speaker 2: back at home as you, as you mentioned Mike exactly. 28 00:01:33,800 --> 00:01:37,760 Speaker 1: So what see. It seems to me that you've got 29 00:01:37,800 --> 00:01:39,880 Speaker 1: the economy, the constant living thing. You've got your Reserve 30 00:01:39,959 --> 00:01:42,040 Speaker 1: Bank meeting this week. My sense of it as they're 31 00:01:42,080 --> 00:01:45,720 Speaker 1: not going to cut yet. So you've got economic problems. 32 00:01:45,760 --> 00:01:47,720 Speaker 1: You have unemployment numbers come out the other day they 33 00:01:47,760 --> 00:01:49,880 Speaker 1: were steady in the reasonable levels. But you've got this 34 00:01:50,080 --> 00:01:53,040 Speaker 1: migration thing whereby and I suppose it's your own fault 35 00:01:53,080 --> 00:01:55,840 Speaker 1: for being popular, people want to flood into the country. 36 00:01:56,720 --> 00:01:59,680 Speaker 2: Quite a lot of talking points in that long question 37 00:01:59,800 --> 00:02:03,160 Speaker 2: of yours, and I mean tick tick tech right across 38 00:02:03,240 --> 00:02:05,480 Speaker 2: the border. I mean, let's look at the latest opinion poll. 39 00:02:05,640 --> 00:02:09,120 Speaker 2: To start with labors that are at the lowest point 40 00:02:09,520 --> 00:02:12,280 Speaker 2: in terms of news poll for almost twelve months thirty 41 00:02:12,320 --> 00:02:16,800 Speaker 2: one percent, the Coalition thirty eight percent. When you strip 42 00:02:16,840 --> 00:02:18,760 Speaker 2: out all the other bits and pieces, and you know 43 00:02:18,880 --> 00:02:21,880 Speaker 2: we have preferential voting over here, so your second preferences count. 44 00:02:22,919 --> 00:02:25,160 Speaker 2: It's fifty to fifty, so too close to call. If 45 00:02:25,160 --> 00:02:28,200 Speaker 2: we had we had an election this weekend, you'd probably 46 00:02:28,280 --> 00:02:30,840 Speaker 2: have Labor over the line. FA's the support of the Greens, 47 00:02:32,080 --> 00:02:35,640 Speaker 2: so it's extremely tight for Albanezi. And as you say, immigration, 48 00:02:36,160 --> 00:02:39,600 Speaker 2: the whole business of Palestinian visas, and of course the 49 00:02:39,720 --> 00:02:42,480 Speaker 2: housing stink and that is just enormous and that's really 50 00:02:42,600 --> 00:02:45,720 Speaker 2: marked down the Labor government here. But Labours and a 51 00:02:45,800 --> 00:02:48,600 Speaker 2: bind Mike, as you know, we can't do anything without 52 00:02:48,639 --> 00:02:52,160 Speaker 2: the support of either the Coalition or the Greens, and 53 00:02:52,400 --> 00:02:56,880 Speaker 2: both those two other parties miraculously have lined up politically 54 00:02:57,000 --> 00:02:59,560 Speaker 2: to oppose what Labour wants to do. Now, the Greens 55 00:02:59,600 --> 00:03:01,119 Speaker 2: on the week end have come out and said listen, 56 00:03:01,440 --> 00:03:05,000 Speaker 2: we will back your support a big a partner. We 57 00:03:05,120 --> 00:03:08,799 Speaker 2: will support your plan to reform the Reserve Bank of 58 00:03:08,880 --> 00:03:12,600 Speaker 2: Australia by introducing a second board with exclusive control of 59 00:03:12,639 --> 00:03:17,320 Speaker 2: a monetary policy, but on the condition that if the 60 00:03:17,400 --> 00:03:20,079 Speaker 2: Reserve Bank does not move tomorrow and cut interest rates. 61 00:03:20,160 --> 00:03:22,880 Speaker 2: The government steps in, and it has this power legislatively 62 00:03:23,280 --> 00:03:26,600 Speaker 2: it can step in and unilaterally cut rates. Well, I 63 00:03:26,680 --> 00:03:28,919 Speaker 2: mean that's just pining the sky stuff from the weirdos 64 00:03:29,440 --> 00:03:31,679 Speaker 2: in the Greens. I mean, Labour's never going to do that, 65 00:03:32,120 --> 00:03:35,280 Speaker 2: and Dunton never would either. So Labour's in a rock 66 00:03:35,280 --> 00:03:37,720 Speaker 2: at a hard place. The numbers are very very poor 67 00:03:37,880 --> 00:03:41,800 Speaker 2: for labor, but politically it's jammed and there's not a 68 00:03:41,880 --> 00:03:43,680 Speaker 2: hell of a lot albities you can do. And there's 69 00:03:43,720 --> 00:03:45,880 Speaker 2: no way known the Reserve Bank is going to be 70 00:03:46,240 --> 00:03:48,120 Speaker 2: forced by the government to cut rates. 71 00:03:48,000 --> 00:03:50,600 Speaker 1: Tomorrow, and nor should they because of course they're independent 72 00:03:50,680 --> 00:03:53,360 Speaker 1: and they should be independent. That's why you have independent organizations. 73 00:03:53,600 --> 00:03:55,720 Speaker 1: So and it increase of three hundred and eighty eight thousand, 74 00:03:56,120 --> 00:03:59,120 Speaker 1: is there any sort of agreement as to wat's an 75 00:03:59,200 --> 00:04:00,839 Speaker 1: acceptable uber and water isn't. 76 00:04:01,600 --> 00:04:03,560 Speaker 2: No, It depends that you talk to on any day 77 00:04:03,560 --> 00:04:06,080 Speaker 2: of the week. I mean, you know net three eighty 78 00:04:06,120 --> 00:04:08,440 Speaker 2: eight was at four hundred and fifty last year? Does 79 00:04:08,480 --> 00:04:11,280 Speaker 2: the coalution want two hundred and twenty? Look, it's they're 80 00:04:11,360 --> 00:04:14,320 Speaker 2: just numbers plucked out of the air thrown against you know, 81 00:04:14,440 --> 00:04:18,120 Speaker 2: a spitboard, and it just depends who you talk to. 82 00:04:19,279 --> 00:04:22,960 Speaker 2: For political purposes, the Coalition is howling from the rooftops. 83 00:04:23,320 --> 00:04:26,840 Speaker 2: Labor is weak, labor is pathetic. Labour's letting too many people. 84 00:04:26,880 --> 00:04:28,920 Speaker 2: And look at the clog roads. You can't get a house, 85 00:04:29,000 --> 00:04:32,160 Speaker 2: you can't get a rental. But the other side of that, 86 00:04:32,400 --> 00:04:35,159 Speaker 2: of course, is that foreign students, which are the overwhelming 87 00:04:35,279 --> 00:04:40,080 Speaker 2: number of migrants here. Foreign students contribute forty billion dollars 88 00:04:40,120 --> 00:04:43,600 Speaker 2: to the Australian economy billion amazing. And the argument there, 89 00:04:43,680 --> 00:04:45,360 Speaker 2: of course goes will hang on a second. If we've 90 00:04:45,360 --> 00:04:47,680 Speaker 2: got all these foreign students coming in, what about Ossie kids. 91 00:04:48,000 --> 00:04:50,440 Speaker 2: Ossi kids pay a fraction of the price for their degrees. 92 00:04:50,960 --> 00:04:54,080 Speaker 2: It's a big business proposition for our universities over here. 93 00:04:54,440 --> 00:04:56,280 Speaker 2: So the government is damned if you do, damned if 94 00:04:56,279 --> 00:04:58,400 Speaker 2: you don't. I mean, who wants to be who wants 95 00:04:58,440 --> 00:04:59,839 Speaker 2: to be a politician? 96 00:05:00,240 --> 00:05:02,160 Speaker 1: Exactly. I was reading something in the Sydney Morning Hero 97 00:05:02,279 --> 00:05:04,760 Speaker 1: of the weekend. They were doing average incomes required to 98 00:05:04,800 --> 00:05:07,360 Speaker 1: buy houses and certain parts of Sydney, and I mean, 99 00:05:07,400 --> 00:05:10,200 Speaker 1: admittedly they were nicer parts of Sydney, but you're needing 100 00:05:10,480 --> 00:05:12,840 Speaker 1: a wage of half a million dollars and that's you know, 101 00:05:13,360 --> 00:05:15,520 Speaker 1: for your out of the question. 102 00:05:15,640 --> 00:05:18,920 Speaker 2: I mean, you know, primary teachers are getting one hundred 103 00:05:19,080 --> 00:05:21,320 Speaker 2: thousand dollars a year, police officers, one hundred and ten 104 00:05:21,440 --> 00:05:25,839 Speaker 2: nurses eighty nine ninety thousand dollars. I mean, hello, who 105 00:05:25,960 --> 00:05:28,560 Speaker 2: can afford on those wages to buy a home in Sydney. 106 00:05:28,800 --> 00:05:31,520 Speaker 2: It's just ridiculous. But what do you do? How do 107 00:05:31,640 --> 00:05:34,040 Speaker 2: you fix that? And the other thing I thought you 108 00:05:34,160 --> 00:05:38,120 Speaker 2: might like. Friday afternoon, after we spoke last Friday in 109 00:05:38,400 --> 00:05:43,200 Speaker 2: the Senate, some figures were tabled about the visa question 110 00:05:43,360 --> 00:05:45,800 Speaker 2: with the Palestinians who have been granted visas to come 111 00:05:45,839 --> 00:05:49,040 Speaker 2: to Australia. The opposition's been screaming, oh, they've been allowed 112 00:05:49,320 --> 00:05:51,479 Speaker 2: and they're going to they haven't been vetted properly, blah 113 00:05:51,520 --> 00:05:54,240 Speaker 2: blah blah. You know who's coming here, don't you? Women 114 00:05:54,320 --> 00:05:58,240 Speaker 2: and children? Yes, and ASIO, which is the domestic spy 115 00:05:58,440 --> 00:06:01,240 Speaker 2: service we have here in Australia. It stood up in 116 00:06:01,279 --> 00:06:03,839 Speaker 2: the Senate and said, listen, can you just dial down 117 00:06:03,880 --> 00:06:07,000 Speaker 2: the hysterics. Of course we are checking these people. Of 118 00:06:07,200 --> 00:06:09,640 Speaker 2: course we are checking their bona Fridays, they go through 119 00:06:09,720 --> 00:06:13,120 Speaker 2: eight separate lots of checks. So on the opposition side, 120 00:06:13,160 --> 00:06:15,159 Speaker 2: can you shut up because all you're doing is making 121 00:06:15,200 --> 00:06:16,800 Speaker 2: people anxious out in the suburbs. 122 00:06:16,960 --> 00:06:20,279 Speaker 1: Exactly, all right, mat go, well we'll catch up Mike Wednesday, 123 00:06:20,440 --> 00:06:21,599 Speaker 1: Murray Olds across the Tasman. 124 00:06:21,640 --> 00:06:21,960 Speaker 2: By the way. 125 00:06:22,000 --> 00:06:23,680 Speaker 1: The other thing I read about housing in Australia over 126 00:06:23,720 --> 00:06:25,400 Speaker 1: the weekend, the share of interest only lones is hit 127 00:06:25,440 --> 00:06:28,480 Speaker 1: twenty percent, twenty plus percent for the June quarter. That's 128 00:06:28,480 --> 00:06:31,440 Speaker 1: the highest level since twenty nineteen. Counteracted a little bit. 129 00:06:31,520 --> 00:06:34,039 Speaker 1: A lot of its investors and often people who buy 130 00:06:34,279 --> 00:06:36,320 Speaker 1: you know, Rendal Holmes investment homes whatever, do it on 131 00:06:36,360 --> 00:06:39,360 Speaker 1: an interest free only. But they worry that there's a 132 00:06:39,440 --> 00:06:42,080 Speaker 1: pressure building up in the old housing landscape that might 133 00:06:42,160 --> 00:06:43,320 Speaker 1: come back and bite them in the bump. 134 00:06:43,839 --> 00:06:46,720 Speaker 2: For more from the Mic Asking Breakfast, listen live to 135 00:06:46,839 --> 00:06:47,400 Speaker 2: news talks. 136 00:06:47,440 --> 00:06:50,560 Speaker 1: It'd be from six am weekdays, or follow the podcast 137 00:06:50,640 --> 00:06:51,480 Speaker 1: on iHeartRadio.