1 00:00:00,040 --> 00:00:02,759 Speaker 1: But joining me in the studio right now is Peter McMillan, 2 00:00:02,840 --> 00:00:04,920 Speaker 1: the CEO of NT Shelter. 3 00:00:05,000 --> 00:00:06,640 Speaker 2: Good morning to you, pere Katie. How are you? 4 00:00:06,720 --> 00:00:06,920 Speaker 1: Yeah? 5 00:00:07,000 --> 00:00:07,920 Speaker 2: Really well, great to have. 6 00:00:07,920 --> 00:00:10,559 Speaker 1: You in the studio. And you and I have spoken 7 00:00:10,640 --> 00:00:12,680 Speaker 1: before about some of the issues we've got around the 8 00:00:12,680 --> 00:00:15,640 Speaker 1: Northern Territory when it comes to housing. It does seem 9 00:00:15,680 --> 00:00:20,000 Speaker 1: to me as though the situation is becoming a bit 10 00:00:20,040 --> 00:00:22,439 Speaker 1: more acute. I think you might say. We've spoken a 11 00:00:22,440 --> 00:00:25,680 Speaker 1: little earlier this week to the Master Builders about the 12 00:00:25,720 --> 00:00:28,920 Speaker 1: scrapping of some of the incentives for first home owners to. 13 00:00:28,840 --> 00:00:30,760 Speaker 2: Get into that market. 14 00:00:31,200 --> 00:00:33,199 Speaker 1: Last week we spoke to Laws and Broad about some 15 00:00:33,240 --> 00:00:35,120 Speaker 1: of the concerns that people are having when it comes 16 00:00:35,159 --> 00:00:38,760 Speaker 1: to paying rent and and being able to actually access 17 00:00:38,840 --> 00:00:42,600 Speaker 1: rental properties. Again, this is something you and I have 18 00:00:42,760 --> 00:00:44,959 Speaker 1: discussed before. But Peter, where are we. 19 00:00:44,960 --> 00:00:48,720 Speaker 3: At well, Katie, there's issues right across the spectrum, and 20 00:00:48,800 --> 00:00:52,320 Speaker 3: maybe we're going to start with the lowest income people, 21 00:00:52,360 --> 00:00:56,640 Speaker 3: those that really can't afford to rent in the private market, 22 00:00:56,880 --> 00:00:58,720 Speaker 3: even if they can find a place to live, those 23 00:00:58,720 --> 00:01:01,600 Speaker 3: that can't afford it. So that's what public housing is 24 00:01:01,640 --> 00:01:04,880 Speaker 3: for public housing as we know, just isn't working. We 25 00:01:04,920 --> 00:01:10,800 Speaker 3: have around around thirty years of age for most properties. 26 00:01:10,840 --> 00:01:12,959 Speaker 3: Around eighty six percent of the public housing stock is 27 00:01:13,000 --> 00:01:15,959 Speaker 3: thirty years or older. It hasn't been maintained, it's run down. 28 00:01:16,280 --> 00:01:18,280 Speaker 3: I mean a lot of people can see that for themselves, 29 00:01:18,600 --> 00:01:21,200 Speaker 3: so that model's not working. We've talked a bit before 30 00:01:21,200 --> 00:01:24,080 Speaker 3: about community housing, which is a really important opportunity, and 31 00:01:24,120 --> 00:01:25,840 Speaker 3: we can come back to that if you wish to. 32 00:01:26,319 --> 00:01:30,240 Speaker 3: And then in the affordable market rent, these are people 33 00:01:30,440 --> 00:01:33,000 Speaker 3: like you know, many of your listeners that aren't working 34 00:01:33,080 --> 00:01:37,320 Speaker 3: in top dollar jobs, right, they're people that can't afford 35 00:01:37,400 --> 00:01:41,080 Speaker 3: the market rent. They can afford around maybe seventy five 36 00:01:41,080 --> 00:01:44,000 Speaker 3: to eighty percent, and that's where affordable housing comes in 37 00:01:44,120 --> 00:01:46,800 Speaker 3: as well. So there's a big shortfall of that. And 38 00:01:46,840 --> 00:01:48,680 Speaker 3: if we just look at someone else that was done 39 00:01:48,880 --> 00:01:53,920 Speaker 3: nationally recently, the estimation is that there's around seventeen thousand 40 00:01:54,160 --> 00:01:56,600 Speaker 3: houses that were going to need out to twenty thirty six. 41 00:01:56,960 --> 00:01:59,720 Speaker 3: So that's what's that fifteen years time for social and 42 00:02:00,000 --> 00:02:03,560 Speaker 3: affordable housing alone. Now, putting that to one side, we 43 00:02:03,680 --> 00:02:05,400 Speaker 3: then start to look at people that want to come 44 00:02:05,400 --> 00:02:07,440 Speaker 3: to the territory and make the territory their place. To live, 45 00:02:08,120 --> 00:02:11,360 Speaker 3: whether that be Catherine or Darwin or elsewhere. And we 46 00:02:11,400 --> 00:02:14,560 Speaker 3: had an example yesterday where one of our organizations in 47 00:02:14,800 --> 00:02:17,640 Speaker 3: Alice Springs had a CEO that was due to that 48 00:02:17,760 --> 00:02:20,240 Speaker 3: was going to sign on to a job and couldn't 49 00:02:20,280 --> 00:02:22,760 Speaker 3: find a place to live and decided not to come 50 00:02:22,840 --> 00:02:26,240 Speaker 3: across the NTE. Now, if we're trying to attract people 51 00:02:26,280 --> 00:02:29,080 Speaker 3: to live here, not everybody is going to take the 52 00:02:29,120 --> 00:02:31,760 Speaker 3: plunge come up and buy a house in a town 53 00:02:31,919 --> 00:02:33,600 Speaker 3: or city they haven't seen before. Right, They're going to 54 00:02:33,680 --> 00:02:35,480 Speaker 3: want to rent. I mean, I know that's what my 55 00:02:36,000 --> 00:02:37,880 Speaker 3: wife and I did when we came. We just thought 56 00:02:37,880 --> 00:02:40,040 Speaker 3: where would we buy and would we like it up here? 57 00:02:40,120 --> 00:02:44,760 Speaker 3: So renting is important. And when you have so many 58 00:02:44,800 --> 00:02:46,840 Speaker 3: stories and I think everybody just about that I've spoken 59 00:02:46,880 --> 00:02:48,760 Speaker 3: who has a story of a neighbor or a family 60 00:02:48,800 --> 00:02:53,200 Speaker 3: member where their rent's gone up twenty five percent, that's 61 00:02:53,240 --> 00:02:55,760 Speaker 3: a big problem because people are leaving the territory. I'm 62 00:02:55,800 --> 00:02:58,320 Speaker 3: sorry to say. You know, when we're trying to grow our. 63 00:02:58,240 --> 00:03:02,320 Speaker 1: Population, you know, that's something that really concerns me. We 64 00:03:02,360 --> 00:03:05,560 Speaker 1: talk so much about growing the territory and so much 65 00:03:05,600 --> 00:03:07,880 Speaker 1: about trying to grow our population, but if we've got 66 00:03:07,880 --> 00:03:11,000 Speaker 1: nowhere for people to live, it's simply going to be impossible, 67 00:03:11,040 --> 00:03:11,360 Speaker 1: isn't it. 68 00:03:11,480 --> 00:03:12,920 Speaker 2: Yeah, Well, let's talk about population. 69 00:03:13,800 --> 00:03:15,560 Speaker 3: It's a figure that might not be on front of 70 00:03:15,600 --> 00:03:18,399 Speaker 3: everybody's mind, but maybe your listens will be a little 71 00:03:18,440 --> 00:03:21,280 Speaker 3: bit surprised to know that the Northern Territory Government, so 72 00:03:21,440 --> 00:03:26,919 Speaker 3: the Treasury and Finance Area, have projected a territory population. 73 00:03:26,520 --> 00:03:29,760 Speaker 2: In twenty forty six. That's twenty five years from now. 74 00:03:29,880 --> 00:03:32,399 Speaker 3: Sounds like a long time away, but they're actually looking 75 00:03:32,400 --> 00:03:35,200 Speaker 3: at three hundred and fifty one zerousand territories. Now, that's 76 00:03:35,240 --> 00:03:36,760 Speaker 3: an increase of forty three percent. 77 00:03:36,840 --> 00:03:37,720 Speaker 2: Where are they going to live? 78 00:03:37,720 --> 00:03:39,600 Speaker 3: Peter, Well, that's right. I mean, that's the obvious thing, 79 00:03:39,680 --> 00:03:43,360 Speaker 3: isn't it. I mean, you know whether those forecasts are 80 00:03:43,360 --> 00:03:45,440 Speaker 3: just at their forecasts, right, But even if they got 81 00:03:45,440 --> 00:03:47,760 Speaker 3: it out, if they got their estimation out by fifty percent, 82 00:03:48,040 --> 00:03:50,240 Speaker 3: you're still looking at, you know, a twenty five percent 83 00:03:50,280 --> 00:03:52,880 Speaker 3: increase in number of people. We've got to start building them. 84 00:03:52,920 --> 00:03:55,600 Speaker 3: We've got to start planning for that. What's interesting is that, 85 00:03:55,720 --> 00:04:00,400 Speaker 3: you know, Dave Malone and Master Builders are seeing reduction 86 00:04:00,760 --> 00:04:03,880 Speaker 3: in building certificates being issued under their Fidelity fund around 87 00:04:03,920 --> 00:04:06,400 Speaker 3: thirty months now, and it was up around seventy five 88 00:04:06,760 --> 00:04:09,120 Speaker 3: seventy to seventy five back in March. So there's no 89 00:04:09,160 --> 00:04:13,600 Speaker 3: doubt that work for tradees is coming off, and social 90 00:04:13,640 --> 00:04:16,880 Speaker 3: and affordable housing is the public is a perfect opportunity 91 00:04:16,920 --> 00:04:21,520 Speaker 3: now to start getting into because when the economy is down, 92 00:04:21,960 --> 00:04:25,320 Speaker 3: when demand for housing and confidence in your economy is low, 93 00:04:25,880 --> 00:04:27,760 Speaker 3: we know that we need to build this housing right, 94 00:04:27,800 --> 00:04:30,159 Speaker 3: and we need to there's a perfect opportunity now to 95 00:04:30,160 --> 00:04:31,600 Speaker 3: get on to some of that stuff to keep our 96 00:04:31,640 --> 00:04:35,560 Speaker 3: tradees and other labor force employed. 97 00:04:35,839 --> 00:04:39,080 Speaker 1: Peter, when you talk about social and affordable housing, can 98 00:04:39,120 --> 00:04:43,520 Speaker 1: you differentiate for us what that means, because quite often 99 00:04:43,520 --> 00:04:45,839 Speaker 1: people think when we say social and affordable housing that 100 00:04:45,880 --> 00:04:48,799 Speaker 1: it's just those public housing homes. But there is actually 101 00:04:48,839 --> 00:04:52,280 Speaker 1: different sort of tears or different different kinds of housing 102 00:04:52,279 --> 00:04:53,400 Speaker 1: that we're talking about here. 103 00:04:53,279 --> 00:04:55,480 Speaker 3: Isn't there That's right, So there's different categories. Maybe I 104 00:04:55,480 --> 00:04:58,279 Speaker 3: can just plaining lesh try and explain that for your listeners. 105 00:04:58,320 --> 00:05:01,279 Speaker 3: So public housing is of see, the housing that's provided 106 00:05:01,279 --> 00:05:04,680 Speaker 3: by the governments in each state and territory, and most 107 00:05:04,720 --> 00:05:06,400 Speaker 3: of our housing in a northern territory I think is 108 00:05:06,400 --> 00:05:09,480 Speaker 3: about ninety six percent is public housing that's run by governments, 109 00:05:09,560 --> 00:05:12,040 Speaker 3: but the other six percent is what we call community housing, 110 00:05:12,320 --> 00:05:15,360 Speaker 3: which is run by not for profit organizations that are 111 00:05:15,360 --> 00:05:18,960 Speaker 3: in the business of working with people, building communities and 112 00:05:19,040 --> 00:05:23,880 Speaker 3: also providing housing where they can get common rent assistance. 113 00:05:23,960 --> 00:05:27,279 Speaker 3: So the government, the territory government cannot get commonwealths rent assistance. 114 00:05:27,279 --> 00:05:30,120 Speaker 3: So that's money for low income earners up to one 115 00:05:30,200 --> 00:05:33,240 Speaker 3: hundred and seventy eight dollars per week up per fortnite rata, 116 00:05:33,360 --> 00:05:35,880 Speaker 3: depending on their circumstances, a number of kids, how much 117 00:05:36,000 --> 00:05:39,000 Speaker 3: rent they're paying. There's a macknus of maximum figure. But 118 00:05:39,040 --> 00:05:41,680 Speaker 3: the principle is you can't get that into the system 119 00:05:41,720 --> 00:05:44,480 Speaker 3: in a NORN territory when it's provided by public housing 120 00:05:44,480 --> 00:05:47,160 Speaker 3: providers by governments, but you can get that money. It's 121 00:05:47,200 --> 00:05:49,760 Speaker 3: around thirty one million dollars a year we're missing out 122 00:05:49,760 --> 00:05:54,520 Speaker 3: on by not having community housing deliver housing for those people. 123 00:05:54,560 --> 00:05:57,679 Speaker 3: So typically people in that category will play around twenty 124 00:05:57,680 --> 00:06:02,120 Speaker 3: five percent of their income as rent. It's it's for 125 00:06:02,160 --> 00:06:05,960 Speaker 3: people who are unemployed or other sort of income support. 126 00:06:05,640 --> 00:06:08,400 Speaker 1: Payments well presumably as well, if you've got people in 127 00:06:08,480 --> 00:06:11,800 Speaker 1: that market and they're not needing to go into the 128 00:06:11,839 --> 00:06:14,240 Speaker 1: public housing market. That it takes some of the stress 129 00:06:14,279 --> 00:06:16,280 Speaker 1: of public housing as well, does it. 130 00:06:16,520 --> 00:06:19,800 Speaker 3: So at that level is a substitute for public housing. 131 00:06:20,000 --> 00:06:23,200 Speaker 3: But they also these community housing providers also provide product 132 00:06:23,200 --> 00:06:26,480 Speaker 3: that's in the affordable housing markets. How affordable is typically 133 00:06:26,880 --> 00:06:30,160 Speaker 3: I think like I mentioned before, where say I'm, for example, 134 00:06:30,680 --> 00:06:34,159 Speaker 3: working in retail, I can't afford to spend five hundred 135 00:06:34,160 --> 00:06:36,400 Speaker 3: dollars or four fifty dollars a week on my rent, 136 00:06:36,520 --> 00:06:38,040 Speaker 3: but maybe I can pay eighty percent of it. 137 00:06:38,320 --> 00:06:41,080 Speaker 2: So there are programs. There is a subsidy, but there's. 138 00:06:40,960 --> 00:06:44,760 Speaker 3: A program where housing can be provided at better cost 139 00:06:45,400 --> 00:06:48,040 Speaker 3: than market and are there is a program that's been 140 00:06:48,080 --> 00:06:52,320 Speaker 3: around since almost since two thousand and nine. I think 141 00:06:52,560 --> 00:06:56,120 Speaker 3: it's being welln back, but there were actually official programs 142 00:06:56,360 --> 00:06:58,640 Speaker 3: for that across Australia. 143 00:06:58,720 --> 00:06:59,800 Speaker 2: And then so. 144 00:06:59,760 --> 00:07:02,159 Speaker 3: If we think of what we call as social housing, 145 00:07:02,200 --> 00:07:05,280 Speaker 3: it's really the combination of that community housing run by 146 00:07:05,279 --> 00:07:08,320 Speaker 3: a non government sector and public housing. 147 00:07:08,800 --> 00:07:10,000 Speaker 2: Katie, I've got a story as. 148 00:07:09,920 --> 00:07:12,200 Speaker 3: To why it's really important community housing, and we had 149 00:07:12,200 --> 00:07:15,160 Speaker 3: a session this morning with developers and architects and builders 150 00:07:15,800 --> 00:07:18,640 Speaker 3: in town community housing. 151 00:07:18,400 --> 00:07:19,880 Speaker 2: Providers because they're charities. 152 00:07:19,960 --> 00:07:24,960 Speaker 3: They can get big tax concessions right, they don't have 153 00:07:24,960 --> 00:07:27,320 Speaker 3: to pay gst you don't pay stamp duty. They can 154 00:07:27,320 --> 00:07:31,600 Speaker 3: get Commonwealth ren assistance. Modeling has shown that if you're 155 00:07:31,640 --> 00:07:35,400 Speaker 3: spending say one hundred million dollars on a housing program 156 00:07:35,440 --> 00:07:38,160 Speaker 3: that's spent by the government, you might get around two 157 00:07:38,280 --> 00:07:40,720 Speaker 3: hundred houses built if government does it, but if you 158 00:07:40,720 --> 00:07:43,080 Speaker 3: get community housing providers to do it, you can get 159 00:07:43,120 --> 00:07:45,800 Speaker 3: an extra fifty five houses. It's not a bad return 160 00:07:45,920 --> 00:07:49,280 Speaker 3: on your investment because these organizations can work with developers, 161 00:07:49,320 --> 00:07:53,480 Speaker 3: share the benefits of the tax deductibilities I have. And 162 00:07:53,840 --> 00:07:56,840 Speaker 3: also what's really important is thinking around what do we 163 00:07:56,840 --> 00:07:59,760 Speaker 3: want our communities to look like. Housing doesn't have to 164 00:07:59,800 --> 00:08:03,320 Speaker 3: be old rundown shacks. We want to build communities where 165 00:08:03,360 --> 00:08:08,920 Speaker 3: there's connected communities whereas there's the opportunity to have small 166 00:08:08,960 --> 00:08:12,880 Speaker 3: business there close to transport and a blend. I guess well, 167 00:08:13,160 --> 00:08:16,240 Speaker 3: people who are at normal price points that they can 168 00:08:16,280 --> 00:08:19,600 Speaker 3: afford to pay, as well as affordable housing, keyworker accommodation. 169 00:08:19,800 --> 00:08:22,880 Speaker 3: Really communities that are working effectively. We don't have that 170 00:08:22,920 --> 00:08:26,720 Speaker 3: at the moment, but now that Infrastructure Australia has recognized 171 00:08:26,760 --> 00:08:31,480 Speaker 3: housing for the first time as being key economic infrastructure. 172 00:08:31,640 --> 00:08:33,960 Speaker 3: That's a big tick for us all really in the 173 00:08:34,000 --> 00:08:36,320 Speaker 3: last week because now we can start having the conversation 174 00:08:36,400 --> 00:08:39,240 Speaker 3: that we just don't need to provide housing because people 175 00:08:39,280 --> 00:08:42,319 Speaker 3: don't have a home, and which is important obviously in itself, 176 00:08:42,360 --> 00:08:45,000 Speaker 3: but we can also start saying, if you're investing in housing, 177 00:08:45,040 --> 00:08:48,320 Speaker 3: it's just like any other infrastructure like roads, buildings, other 178 00:08:48,360 --> 00:08:51,240 Speaker 3: things that's going to help our economy grow and importantly 179 00:08:51,600 --> 00:08:53,200 Speaker 3: have some way for people to live when we grow 180 00:08:53,200 --> 00:08:53,760 Speaker 3: a population. 181 00:08:53,920 --> 00:08:55,960 Speaker 1: Well, when you were talking about that just a moment ago, 182 00:08:56,000 --> 00:08:57,600 Speaker 1: and you were saying, you know, when you talk about 183 00:08:57,640 --> 00:09:00,360 Speaker 1: retail workers and some of those different types of like 184 00:09:00,400 --> 00:09:02,280 Speaker 1: I've often thought that to myself with some of these 185 00:09:02,360 --> 00:09:05,240 Speaker 1: jobs that are quite difficult in terms of filling at 186 00:09:05,240 --> 00:09:08,240 Speaker 1: the moment, even you know, in hospitality in some other areas, 187 00:09:08,600 --> 00:09:10,920 Speaker 1: it would be really tough moving to the territory at 188 00:09:10,920 --> 00:09:12,560 Speaker 1: the moment unless you're a young person who can live 189 00:09:12,600 --> 00:09:13,760 Speaker 1: in a sharehouse or whatever. 190 00:09:14,240 --> 00:09:16,000 Speaker 2: There's no way to live, can I say? 191 00:09:16,040 --> 00:09:18,959 Speaker 3: You know, if you flick through those Facebook pages, you know, 192 00:09:19,040 --> 00:09:21,760 Speaker 3: dal on rentals and things like that, you'll see young 193 00:09:21,800 --> 00:09:24,560 Speaker 3: women in bikini's doing anything they can really just to try. 194 00:09:24,600 --> 00:09:27,440 Speaker 3: It's shocking really the lengths of people have to go 195 00:09:27,480 --> 00:09:29,319 Speaker 3: to to try and get a house above somebody else 196 00:09:29,320 --> 00:09:32,200 Speaker 3: at the moment, even to rent a room house. 197 00:09:32,480 --> 00:09:35,640 Speaker 2: Isn't that tough? Peter? You know we are going to 198 00:09:35,720 --> 00:09:36,360 Speaker 2: have to wrap up. 199 00:09:36,400 --> 00:09:38,520 Speaker 1: But where to from here? I mean, what do you 200 00:09:38,559 --> 00:09:40,800 Speaker 1: think realistically we need to sort of try to have 201 00:09:40,840 --> 00:09:43,480 Speaker 1: a look at right now to try and get things 202 00:09:43,520 --> 00:09:46,120 Speaker 1: moving from not just a conversation but to actually happening. 203 00:09:46,559 --> 00:09:50,000 Speaker 3: Yeah, well, that's that's a very important question. First of all, 204 00:09:50,040 --> 00:09:51,880 Speaker 3: we need to have the right people in the room. 205 00:09:51,920 --> 00:09:54,600 Speaker 3: I was talking to Greg Island the Chamber of Commerce 206 00:09:54,640 --> 00:09:57,599 Speaker 3: yesterday about this, and we have conversation with Dave Malone 207 00:09:57,360 --> 00:10:00,280 Speaker 3: and the community housing sector and government. 208 00:10:00,080 --> 00:10:00,960 Speaker 2: All the time about this. 209 00:10:01,040 --> 00:10:02,839 Speaker 3: And what we're really pressing for is let's just get 210 00:10:02,880 --> 00:10:05,600 Speaker 3: a plan so that we can see where we're going 211 00:10:05,640 --> 00:10:07,400 Speaker 3: from here. You know, the government said they're going to 212 00:10:07,440 --> 00:10:10,320 Speaker 3: release I think it's I forget the number. I think 213 00:10:10,320 --> 00:10:13,120 Speaker 3: it's twenty four hundred lots down in the Parmer scenario 214 00:10:13,240 --> 00:10:15,559 Speaker 3: and also down in our springs. They're going to release land. 215 00:10:15,960 --> 00:10:17,439 Speaker 3: But what can we do to make sure we get 216 00:10:17,480 --> 00:10:19,800 Speaker 3: that right? So it's got the right infrastructure in place, 217 00:10:20,000 --> 00:10:22,880 Speaker 3: it's got the right amenity like shops and transport as well, 218 00:10:22,920 --> 00:10:25,040 Speaker 3: and it's got a mix of housing at different price 219 00:10:25,120 --> 00:10:26,800 Speaker 3: points that the population can afford. 220 00:10:26,920 --> 00:10:27,960 Speaker 2: So it's great. 221 00:10:28,000 --> 00:10:32,079 Speaker 3: The budget last yuphn Inity government referred to these land releases. 222 00:10:32,320 --> 00:10:34,600 Speaker 3: Let's get on with it and let's start getting people 223 00:10:34,640 --> 00:10:37,240 Speaker 3: around the table saying what'll look like and where we 224 00:10:37,280 --> 00:10:39,560 Speaker 3: can get the money from. There are options that won't 225 00:10:39,559 --> 00:10:42,679 Speaker 3: go into that today, but there are options, and we've 226 00:10:42,720 --> 00:10:44,560 Speaker 3: just got to roll up seat and keep moving on this. 227 00:10:44,880 --> 00:10:46,920 Speaker 1: Well. Peter McMillan, it does sound to me as though 228 00:10:46,960 --> 00:10:48,880 Speaker 1: you and I will probably have to have more regular 229 00:10:48,920 --> 00:10:52,280 Speaker 1: catchups because this housing issue, it is something that I 230 00:10:52,320 --> 00:10:54,240 Speaker 1: can see is becoming a bit more prevalent for a 231 00:10:54,240 --> 00:10:55,240 Speaker 1: lot of people at the moment. 232 00:10:55,280 --> 00:10:56,959 Speaker 2: Thanks Katie. Look, it really is an opportunity. 233 00:10:57,000 --> 00:10:58,800 Speaker 3: I know it's a pretty bleak story for many people 234 00:10:58,800 --> 00:11:01,439 Speaker 3: out there at the moment, but you know, the territory 235 00:11:01,480 --> 00:11:04,120 Speaker 3: story can be positive. It needs to be positive, but 236 00:11:04,280 --> 00:11:05,880 Speaker 3: let's not leave housing out of the picture. 237 00:11:06,080 --> 00:11:08,120 Speaker 1: Yeah, good on you, Peter. Always great to catch up 238 00:11:08,160 --> 00:11:09,960 Speaker 1: with you. Thank you so much for your time this morning. 239 00:11:10,280 --> 00:11:13,760 Speaker 1: That's Peter McMillan there who is the CEO of NT 240 00:11:14,000 --> 00:11:16,640 Speaker 1: Shelter And look, it is a discussion. I think that 241 00:11:16,800 --> 00:11:17,680 Speaker 1: is well worth having