1 00:00:00,200 --> 00:00:02,960 Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations 2 00:00:03,000 --> 00:00:07,280 Speaker 1: woman and I'm here to acknowledge country t Glenn Young 3 00:00:07,320 --> 00:00:11,400 Speaker 1: Ganya Niana, Kaka yah Ya bin Ahaka nian Ar gay 4 00:00:11,440 --> 00:00:17,160 Speaker 1: In Mbina yakarum jar dominyamiga Umagahawakaman damon imlan Wumba bang 5 00:00:17,160 --> 00:00:22,439 Speaker 1: Gadabomba in and now in wakah ghana on yakraum jar Watnadaa. Hello, 6 00:00:22,480 --> 00:00:25,920 Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people. 7 00:00:26,360 --> 00:00:29,080 Speaker 1: We thank acknowledge and respect the Aberiginal people's land that 8 00:00:29,120 --> 00:00:31,880 Speaker 1: we're gathering on today. Take pleasure in all the land 9 00:00:32,080 --> 00:00:35,320 Speaker 1: and respect all that you see. She's on the Money 10 00:00:35,360 --> 00:00:41,960 Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools, 11 00:00:42,400 --> 00:00:44,560 Speaker 1: knowledge and resources for you to thrive. 12 00:00:45,080 --> 00:00:46,800 Speaker 2: She's on the Money. 13 00:00:47,040 --> 00:00:47,840 Speaker 3: She's on the Money. 14 00:01:08,040 --> 00:01:11,320 Speaker 4: Hello and welcome to She's on the Money, the podcast 15 00:01:11,440 --> 00:01:14,199 Speaker 4: that's here to give Australia's finances a glower. 16 00:01:14,400 --> 00:01:17,720 Speaker 3: Now, that wasn't bad, but given you intro, it means 17 00:01:17,760 --> 00:01:20,360 Speaker 3: that I now get to ask all of the perfect questions. 18 00:01:20,520 --> 00:01:23,080 Speaker 3: So I hope you're ready for that, my friends. I 19 00:01:23,240 --> 00:01:26,160 Speaker 3: am your host, Victoria devine and you did hear that 20 00:01:26,360 --> 00:01:30,360 Speaker 3: voice correctly. I have somehow convinced the Prime Minister of 21 00:01:30,520 --> 00:01:33,840 Speaker 3: Australia to join us for a very special episode of 22 00:01:33,959 --> 00:01:36,280 Speaker 3: She's on the Money. A very big welcome to you, 23 00:01:36,360 --> 00:01:39,920 Speaker 3: mister Prime Minister, or am I allowed to call you Albo? Absolutely, 24 00:01:40,160 --> 00:01:43,840 Speaker 3: just so everyone knows Parliament is actually sitting at the moment, 25 00:01:43,880 --> 00:01:46,040 Speaker 3: which for me is a big moment. You tend me 26 00:01:46,240 --> 00:01:48,920 Speaker 3: is absolutely screaming. So if you hear any bells during 27 00:01:49,040 --> 00:01:51,880 Speaker 3: our chat, that might mean our friend Albo has to 28 00:01:51,960 --> 00:01:55,200 Speaker 3: run off and vote, which is actually very cool. But 29 00:01:55,360 --> 00:01:58,360 Speaker 3: before we dive into the nitty gritty and we're going 30 00:01:58,440 --> 00:02:01,280 Speaker 3: to talk housing, we're going to talk women's health, We're 31 00:02:01,280 --> 00:02:03,720 Speaker 3: going to just talk a lot about things that impact 32 00:02:03,800 --> 00:02:07,760 Speaker 3: my community specifically, because, like Mayky, while the sun is shining, 33 00:02:08,400 --> 00:02:11,760 Speaker 3: one of my favorite parts of my community is our 34 00:02:11,960 --> 00:02:14,840 Speaker 3: ability to share our money stories. So money stories are 35 00:02:14,840 --> 00:02:17,760 Speaker 3: those deep seated thoughts, feeling, beliefs, and values that you 36 00:02:17,840 --> 00:02:20,239 Speaker 3: have around money. And I wanted to ask you what 37 00:02:20,480 --> 00:02:22,800 Speaker 3: is your earliest memory of money? 38 00:02:23,360 --> 00:02:27,480 Speaker 4: Oh? Gee, well, I grew up with probably people know, 39 00:02:27,720 --> 00:02:33,000 Speaker 4: with just myself my mum and she was on a 40 00:02:33,080 --> 00:02:38,239 Speaker 4: single parent and then became an invalid pensioner. And she 41 00:02:38,440 --> 00:02:42,400 Speaker 4: was fantastic with money. She did something that will not 42 00:02:42,560 --> 00:02:46,440 Speaker 4: be familiar to many of your listeners of your age 43 00:02:46,960 --> 00:02:50,040 Speaker 4: and younger. But you used to go to the post 44 00:02:50,080 --> 00:02:53,240 Speaker 4: office and you had these little booklets and you'd buy 45 00:02:53,560 --> 00:02:56,400 Speaker 4: literally postage stamps and you put them in the book 46 00:02:56,919 --> 00:03:00,000 Speaker 4: to pay then your telecom as it was then built, 47 00:03:00,360 --> 00:03:03,960 Speaker 4: or gas bill, or your electricity bill in these little 48 00:03:04,240 --> 00:03:09,480 Speaker 4: literally paper folders. So that way when every pension came 49 00:03:09,560 --> 00:03:15,200 Speaker 4: in every fortnight, she would put money either in envelopes 50 00:03:15,360 --> 00:03:19,600 Speaker 4: for the rent or for the various bills that would 51 00:03:19,600 --> 00:03:19,880 Speaker 4: come in. 52 00:03:20,280 --> 00:03:22,320 Speaker 3: So she had an envelope budgeting. 53 00:03:22,480 --> 00:03:27,680 Speaker 4: She had a complete system every fortnight. She was extraordinary. 54 00:03:27,880 --> 00:03:31,200 Speaker 4: So we never had any money. Money was really tight, 55 00:03:32,160 --> 00:03:37,760 Speaker 4: and so she would budget though, so that we never 56 00:03:38,000 --> 00:03:44,880 Speaker 4: went without food or essentials. We didn't have any luxuries exactly. 57 00:03:45,360 --> 00:03:49,480 Speaker 4: Was so she taught me. I'm very frugal and she 58 00:03:49,840 --> 00:03:53,760 Speaker 4: very much taught me the value of money and what 59 00:03:53,920 --> 00:03:57,760 Speaker 4: it was like growing up like that. I still people 60 00:03:59,360 --> 00:04:03,400 Speaker 4: will laugh at me because I will do my points 61 00:04:03,440 --> 00:04:06,920 Speaker 4: at the supermarket and will look for I will buy 62 00:04:07,760 --> 00:04:13,520 Speaker 4: the dog food for Toto will buy it when it's 63 00:04:13,560 --> 00:04:15,600 Speaker 4: on special things. 64 00:04:15,920 --> 00:04:17,160 Speaker 3: Sorry, that's really important. 65 00:04:17,240 --> 00:04:23,320 Speaker 4: So I'm completely still focused like that as part of 66 00:04:23,440 --> 00:04:27,240 Speaker 4: my upbringing. But Mum, when she died at age just 67 00:04:27,440 --> 00:04:31,040 Speaker 4: sixty five, and she had a pretty tough life, she 68 00:04:31,200 --> 00:04:34,920 Speaker 4: was spent at the end of that. But when she died, 69 00:04:35,200 --> 00:04:39,880 Speaker 4: she was actually ahead in her Meyer's card because she 70 00:04:39,920 --> 00:04:43,240 Speaker 4: would also pay everything in our house came from Grace Brothers. 71 00:04:43,320 --> 00:04:47,120 Speaker 4: Broadway was the supermarket and the departmental store and everything, 72 00:04:47,240 --> 00:04:51,560 Speaker 4: but then became Meyers later on, so any goods that 73 00:04:51,720 --> 00:04:53,720 Speaker 4: she had to buy would have been got on layby, 74 00:04:54,600 --> 00:04:59,520 Speaker 4: and she was ahead. Meyers owed her money about thirty 75 00:04:59,560 --> 00:05:03,440 Speaker 4: dollars and she was ahead about four weeks in her 76 00:05:03,720 --> 00:05:07,640 Speaker 4: rent to the New South Wales housing department as well. 77 00:05:08,720 --> 00:05:11,880 Speaker 4: She was extraordinary that she was able to do that. 78 00:05:12,000 --> 00:05:15,359 Speaker 4: And she'd also put aside a little bit of money 79 00:05:15,640 --> 00:05:21,080 Speaker 4: every fortnight for gifts or for extras, for if any 80 00:05:21,120 --> 00:05:24,719 Speaker 4: of the kids in the neighborhood were having a birthday, 81 00:05:24,839 --> 00:05:27,080 Speaker 4: they'd get just a little something. It might have just 82 00:05:27,160 --> 00:05:28,760 Speaker 4: been a chocolate or something. 83 00:05:28,880 --> 00:05:30,960 Speaker 3: But she sounds so nice. 84 00:05:31,440 --> 00:05:36,360 Speaker 4: Yeah, she was an amazing woman who also had an 85 00:05:36,440 --> 00:05:40,760 Speaker 4: incredibly tough life but never complained about anything at all, 86 00:05:41,040 --> 00:05:44,839 Speaker 4: and never asked for anything, and would always when we'd 87 00:05:44,920 --> 00:05:49,200 Speaker 4: see the red shield appills. She liked the Salvos in particular, 88 00:05:50,000 --> 00:05:55,240 Speaker 4: and she would always say, you always have to give money. 89 00:05:55,279 --> 00:05:57,920 Speaker 4: It was before the big issue was around. She would 90 00:05:57,920 --> 00:05:59,800 Speaker 4: have been the person who would have always bought a 91 00:06:00,839 --> 00:06:04,120 Speaker 4: even if it was her last ten dollars. She would 92 00:06:04,160 --> 00:06:06,680 Speaker 4: have kicked in to make a difference. 93 00:06:06,920 --> 00:06:08,440 Speaker 3: I love that, and I feel like there is a 94 00:06:08,600 --> 00:06:11,760 Speaker 3: theme in your life of very strong women. 95 00:06:12,240 --> 00:06:12,560 Speaker 4: There is. 96 00:06:12,800 --> 00:06:15,120 Speaker 3: I'm going to pivot a little bit and hopefully you'll 97 00:06:15,200 --> 00:06:17,920 Speaker 3: let me talk about Jody. You are getting married later 98 00:06:18,040 --> 00:06:21,159 Speaker 3: this year to a woman that I very much admire. 99 00:06:21,200 --> 00:06:24,240 Speaker 3: She's worked in finance for a very long time, and 100 00:06:24,320 --> 00:06:28,960 Speaker 3: I want to know what have you learnt from living 101 00:06:29,080 --> 00:06:32,000 Speaker 3: with a very strong woman, being brought up by a 102 00:06:32,160 --> 00:06:35,000 Speaker 3: very strong woman about I guess, the value of money 103 00:06:35,080 --> 00:06:38,000 Speaker 3: and what that looks like. Because you're coming from a 104 00:06:38,120 --> 00:06:42,520 Speaker 3: place that I think is incredibly reflective of the average Australian. 105 00:06:43,400 --> 00:06:47,040 Speaker 4: My mum was really about personal relationship that we had, 106 00:06:47,120 --> 00:06:50,920 Speaker 4: in the relationship she had with neighbors. Jodie is someone 107 00:06:50,960 --> 00:06:55,560 Speaker 4: who's very passionate about superannuation, about financial security. 108 00:06:56,520 --> 00:06:57,240 Speaker 3: I think we'd get on. 109 00:06:58,000 --> 00:07:01,279 Speaker 4: You and Jody are a match made in heaven. 110 00:07:01,440 --> 00:07:03,320 Speaker 3: Oh well, I'm sorry to tread on your time. 111 00:07:03,640 --> 00:07:07,240 Speaker 4: No question about that, having read your pieces as well, 112 00:07:07,320 --> 00:07:11,920 Speaker 4: and I know she does follow you, so's she's quite 113 00:07:12,000 --> 00:07:13,760 Speaker 4: excited about me doing this podcast. 114 00:07:14,040 --> 00:07:16,040 Speaker 3: Actually is going to have to stop. 115 00:07:16,600 --> 00:07:17,000 Speaker 1: She is. 116 00:07:17,680 --> 00:07:21,720 Speaker 4: So she's someone who's worked in banking and finance for 117 00:07:22,480 --> 00:07:26,080 Speaker 4: a long period of time. She is passionate about making 118 00:07:26,160 --> 00:07:30,160 Speaker 4: a difference, particularly for people who need that financial security 119 00:07:31,040 --> 00:07:34,720 Speaker 4: es central service workers, and she's worked as well, through 120 00:07:35,920 --> 00:07:40,560 Speaker 4: a couple of superannuation companies at affordable housing for essential workers. 121 00:07:40,760 --> 00:07:44,960 Speaker 4: And she's very creative in how she engages. 122 00:07:45,400 --> 00:07:47,600 Speaker 3: And do you think that that has helped you in 123 00:07:47,920 --> 00:07:50,200 Speaker 3: or helped inform you on the way that you create 124 00:07:50,320 --> 00:07:51,480 Speaker 3: and think about policy. 125 00:07:51,760 --> 00:07:55,320 Speaker 4: It has, But we we're careful as well to not 126 00:07:55,480 --> 00:07:59,920 Speaker 4: talk about any detail of her work in general. Of course, 127 00:08:00,040 --> 00:08:03,320 Speaker 4: So when I was raised, but there was just me 128 00:08:03,760 --> 00:08:09,400 Speaker 4: and my mother, and I've always been very passionate about 129 00:08:09,640 --> 00:08:14,760 Speaker 4: gender equality and that is so important, and that's I 130 00:08:14,840 --> 00:08:17,440 Speaker 4: think been one of the things that I hope at 131 00:08:17,520 --> 00:08:20,440 Speaker 4: the end of my period in office that people will 132 00:08:20,480 --> 00:08:23,840 Speaker 4: look back and say, wow, you know, that's something that 133 00:08:24,640 --> 00:08:27,840 Speaker 4: a difference was made, whether it be in representation. Now, 134 00:08:28,080 --> 00:08:31,680 Speaker 4: majority of the Cabinet, majority of the government caucus members, 135 00:08:32,320 --> 00:08:37,080 Speaker 4: these incredibly strong women, Penny Wong, the leader in the Senate, 136 00:08:37,240 --> 00:08:44,200 Speaker 4: Katie Gallahers Finance Minister, Tenure polibasek ann arly Anika Wells. 137 00:08:44,440 --> 00:08:48,640 Speaker 4: I mean we have more women in the labor caucuses 138 00:08:48,800 --> 00:08:52,240 Speaker 4: first name begins in a than there are women in 139 00:08:52,360 --> 00:08:55,560 Speaker 4: the entire coalitions side. 140 00:08:56,040 --> 00:08:57,160 Speaker 3: That's pretty incredible. 141 00:08:57,559 --> 00:09:00,800 Speaker 4: It is incredible and it isn't by accident. It's a 142 00:09:00,840 --> 00:09:05,160 Speaker 4: beigcause of a conscious decision to make the Parliament look 143 00:09:05,360 --> 00:09:09,760 Speaker 4: like the Australian people. So gender equity, but also diversity, yeah, 144 00:09:10,040 --> 00:09:15,280 Speaker 4: as well across different faiths and different backgrounds, different experiences. 145 00:09:15,640 --> 00:09:20,240 Speaker 4: Now we have Charlotte Walker, of course, twenty one years 146 00:09:20,280 --> 00:09:23,480 Speaker 4: old on the third of May, getting elected on her 147 00:09:23,559 --> 00:09:27,000 Speaker 4: birthday to the Australian Senate is just fantastic. 148 00:09:27,160 --> 00:09:29,920 Speaker 3: It's incredible. As a woman who's now in my thirties 149 00:09:30,120 --> 00:09:33,439 Speaker 3: and was obsessed with political studies all through school and 150 00:09:33,600 --> 00:09:36,880 Speaker 3: just didn't see that representation growing up to now feel 151 00:09:37,559 --> 00:09:40,520 Speaker 3: like it's not just you know, for me because I 152 00:09:41,040 --> 00:09:45,000 Speaker 3: follow this, but I feel like my community is being 153 00:09:45,080 --> 00:09:47,600 Speaker 3: seen and heard and they're engaging in it in such 154 00:09:47,600 --> 00:09:49,840 Speaker 3: a different way. Now it doesn't feel like other people 155 00:09:49,840 --> 00:09:52,400 Speaker 3: are making our decisions. It feels like our voices are 156 00:09:52,480 --> 00:09:53,400 Speaker 3: actually being heard. 157 00:09:53,559 --> 00:09:58,360 Speaker 4: And it does make a difference to policy as well. 158 00:09:58,440 --> 00:10:02,120 Speaker 4: If you have people who have different experiences. Listening to 159 00:10:02,240 --> 00:10:07,880 Speaker 4: the first speeches of someone like Ailey France, someone who 160 00:10:09,400 --> 00:10:14,319 Speaker 4: lost her leg in an accident saving her child, has 161 00:10:14,440 --> 00:10:19,079 Speaker 4: been through some traumatic experiences. Coming into the House of 162 00:10:19,160 --> 00:10:25,360 Speaker 4: Reps with that experience is something that's very different, but 163 00:10:25,440 --> 00:10:30,880 Speaker 4: it's also so valuable. Of course, there's ash Ambahapaha who's 164 00:10:30,960 --> 00:10:34,280 Speaker 4: a member for Barton in around the Saint George area 165 00:10:34,480 --> 00:10:37,640 Speaker 4: in Sydney. You know who was raised as she there's 166 00:10:37,760 --> 00:10:43,280 Speaker 4: raised by a village, someone with a really interesting backstory. 167 00:10:44,160 --> 00:10:49,719 Speaker 4: It just means that you're bringing in that engagement. So 168 00:10:49,880 --> 00:10:54,920 Speaker 4: Nita Mascarinus is the member for Swan. She was an 169 00:10:55,280 --> 00:11:05,000 Speaker 4: engineer in Calgooli of Indian background heritage but from Kenya. Yeah, 170 00:11:07,040 --> 00:11:13,120 Speaker 4: just as extraordinary people coming into the Parliament enriching us 171 00:11:13,360 --> 00:11:17,400 Speaker 4: with their diversity, but also I hope making a time 172 00:11:17,440 --> 00:11:20,679 Speaker 4: where many young people go well. Parliament and politics is 173 00:11:20,720 --> 00:11:24,880 Speaker 4: something that's not about me, they impact you we need 174 00:11:26,280 --> 00:11:33,559 Speaker 4: exactly and hopefully seeing people with that background, they can 175 00:11:33,840 --> 00:11:37,080 Speaker 4: identify with people. 176 00:11:37,240 --> 00:11:40,000 Speaker 3: Now, I'm not going to lie. I am pervy at 177 00:11:40,040 --> 00:11:43,599 Speaker 3: my core. I want to know everything about everything. And 178 00:11:43,800 --> 00:11:47,199 Speaker 3: I was checking some public records and it looks like 179 00:11:47,520 --> 00:11:50,440 Speaker 3: you have never actually held any direct shares, and I mean, 180 00:11:50,640 --> 00:11:53,880 Speaker 3: for those of you following along, mister Anthony Albanesi is 181 00:11:53,920 --> 00:11:56,520 Speaker 3: not actually allowed to hold any direct shares at this point, 182 00:11:56,559 --> 00:11:58,600 Speaker 3: and you were very involved in making sure that other 183 00:11:58,679 --> 00:12:03,000 Speaker 3: ministers aren't a to either. I'm still curious though, because 184 00:12:03,200 --> 00:12:05,840 Speaker 3: you haven't always been the Prime Minister, and that would 185 00:12:05,880 --> 00:12:09,720 Speaker 3: have potentially been an option historically. Why haven't you invested 186 00:12:09,760 --> 00:12:11,079 Speaker 3: in shares historically? 187 00:12:11,360 --> 00:12:16,719 Speaker 4: I have never invested in shares because one firstly, I 188 00:12:16,840 --> 00:12:20,199 Speaker 4: didn't have a lot of money as a young person. 189 00:12:20,240 --> 00:12:27,000 Speaker 4: I didn't have finances to invest. But I became an 190 00:12:27,160 --> 00:12:30,959 Speaker 4: MP almost thirty years ago now and just felt like 191 00:12:31,120 --> 00:12:34,280 Speaker 4: if you make decisions even as a member of Parliament, 192 00:12:34,840 --> 00:12:38,800 Speaker 4: I personally, I guess, took what you need to do 193 00:12:38,880 --> 00:12:41,920 Speaker 4: as a minister to the extreme, which is I didn't 194 00:12:41,960 --> 00:12:44,800 Speaker 4: want to be compromised. 195 00:12:44,800 --> 00:12:46,200 Speaker 3: Which is absolutely fair. 196 00:12:46,679 --> 00:12:51,079 Speaker 4: So that's a personal decision that I made. And I 197 00:12:51,200 --> 00:12:54,840 Speaker 4: also my mum because she lived in the one house 198 00:12:55,360 --> 00:12:57,640 Speaker 4: for all of her sixty five years, which was a 199 00:12:57,880 --> 00:13:01,520 Speaker 4: city council house, and then got handed over to Nissaua's 200 00:13:01,559 --> 00:13:05,000 Speaker 4: housing apartment. She from a really early age she used 201 00:13:05,040 --> 00:13:07,800 Speaker 4: to say, when you get the chance, you know, you've 202 00:13:07,800 --> 00:13:10,120 Speaker 4: got to buy your own home, your property. 203 00:13:10,160 --> 00:13:10,319 Speaker 3: Guy. 204 00:13:11,160 --> 00:13:14,920 Speaker 4: So I bought when I as soon as I could, 205 00:13:14,960 --> 00:13:18,760 Speaker 4: I did six months. I spent money, saved up and 206 00:13:18,840 --> 00:13:23,600 Speaker 4: went overseas, did the Aussie backpacking thing in nineteen eighty eight, 207 00:13:24,240 --> 00:13:27,120 Speaker 4: and I went to Africa and Europe and had a 208 00:13:27,200 --> 00:13:34,199 Speaker 4: great time. Came back and then started looking for a 209 00:13:34,360 --> 00:13:39,599 Speaker 4: house and bought a house in Marrackle in would have 210 00:13:39,640 --> 00:13:43,520 Speaker 4: been nineteen ninety I think, so I was still relatively young. 211 00:13:43,600 --> 00:13:47,600 Speaker 4: I was twenty six or twenty seven when I bought 212 00:13:47,600 --> 00:13:50,040 Speaker 4: a home and that was where at that time, sit 213 00:13:50,160 --> 00:13:54,439 Speaker 4: down listeners. While I used this figure, interest rates were 214 00:13:54,760 --> 00:13:57,240 Speaker 4: I think nineteen and a half percent when. 215 00:13:57,160 --> 00:13:58,600 Speaker 3: I was so scary. 216 00:13:59,160 --> 00:13:59,920 Speaker 2: It was a bit. 217 00:14:01,440 --> 00:14:04,080 Speaker 3: Scary. But if we look back to even just nineteen 218 00:14:04,160 --> 00:14:07,360 Speaker 3: seventy five, we know that the average home between Melbourne 219 00:14:07,360 --> 00:14:10,320 Speaker 3: and Sydney cost four times the annual salary and now 220 00:14:10,360 --> 00:14:13,480 Speaker 3: it's and like so much has changed, and we'll get 221 00:14:13,480 --> 00:14:16,199 Speaker 3: to housing because I know that you're probably excited to 222 00:14:16,280 --> 00:14:19,440 Speaker 3: talk about it given all of the changes recently. But 223 00:14:19,840 --> 00:14:21,600 Speaker 3: you touched on before that your mum was so good 224 00:14:21,600 --> 00:14:24,320 Speaker 3: at budgeting, and I think that she'd be very proud 225 00:14:24,440 --> 00:14:26,640 Speaker 3: of everything that you're doing around the cost of living 226 00:14:26,680 --> 00:14:30,080 Speaker 3: because she'd be Yes. Absolutely, Like we talked before about 227 00:14:30,080 --> 00:14:32,560 Speaker 3: the groceries and always buying things on sale. And I 228 00:14:32,600 --> 00:14:35,160 Speaker 3: feel like old habits die hard, Like it doesn't matter 229 00:14:35,200 --> 00:14:37,200 Speaker 3: if you have a higher disposable income. You've got this 230 00:14:37,360 --> 00:14:39,040 Speaker 3: money store in the back of your head, like I. 231 00:14:39,040 --> 00:14:42,800 Speaker 4: Would never buy that, Oh absolutely, And you never ever, 232 00:14:44,160 --> 00:14:49,280 Speaker 4: you know, waste eiver no, so no, I think when 233 00:14:49,360 --> 00:14:52,360 Speaker 4: you need them, Yes, absolutely. And I wore a tie 234 00:14:53,040 --> 00:14:58,160 Speaker 4: on Monday, real distraction here and it was very bright 235 00:14:58,320 --> 00:15:01,240 Speaker 4: and we had media inquirer is about you know what 236 00:15:01,400 --> 00:15:04,160 Speaker 4: it meant as prime minise. I got a new tie. 237 00:15:04,320 --> 00:15:04,720 Speaker 2: What is it? 238 00:15:05,160 --> 00:15:09,240 Speaker 4: It was from the nineteen nineties. See, I've seen right 239 00:15:09,400 --> 00:15:12,640 Speaker 4: out found in the lodge there. It was a few tires. 240 00:15:13,320 --> 00:15:15,600 Speaker 3: It stood out money win its like you've got a 241 00:15:15,680 --> 00:15:19,600 Speaker 3: brand new tie exactly exactly. So talk to me something 242 00:15:19,680 --> 00:15:22,640 Speaker 3: that I saw that has passed recently that I think 243 00:15:22,760 --> 00:15:25,840 Speaker 3: is going to really impact our community around the cost 244 00:15:25,880 --> 00:15:29,760 Speaker 3: of living is literally last night Labour's Bill passed in 245 00:15:29,840 --> 00:15:33,520 Speaker 3: Parliament to make PBS medicines cheaper with no more than 246 00:15:33,680 --> 00:15:37,600 Speaker 3: twenty five dollars a script from twenty twenty six onwards, 247 00:15:37,680 --> 00:15:41,920 Speaker 3: which I'm very excited about. And for women in my community, 248 00:15:42,000 --> 00:15:45,840 Speaker 3: particularly many of whom are already stretched, how much of 249 00:15:45,880 --> 00:15:47,200 Speaker 3: a difference do you think this is going to make 250 00:15:47,200 --> 00:15:48,200 Speaker 3: to their weekly budgets. 251 00:15:48,240 --> 00:15:49,800 Speaker 4: Well, I'm so proud of this. And one of the 252 00:15:49,920 --> 00:15:53,160 Speaker 4: things that brought me into politics, of course is to 253 00:15:53,280 --> 00:15:56,200 Speaker 4: go back to talking about the members is my personal 254 00:15:56,280 --> 00:16:00,480 Speaker 4: experience because my mum had rheumatoid arthritis, was crippled had 255 00:16:01,400 --> 00:16:05,040 Speaker 4: she had a pill box with a lot of pills 256 00:16:05,280 --> 00:16:08,640 Speaker 4: every day in order to get by pain relief and 257 00:16:08,960 --> 00:16:11,920 Speaker 4: everything else that came from it. So it was really 258 00:16:12,040 --> 00:16:16,440 Speaker 4: conscious about the price of medicines and the price of 259 00:16:16,560 --> 00:16:21,920 Speaker 4: medicines had never come down on the PBS script for 260 00:16:22,160 --> 00:16:24,920 Speaker 4: eighty years since it was introduced. It had always got 261 00:16:25,000 --> 00:16:29,400 Speaker 4: up with inflation and had reached forty two dollars. We 262 00:16:29,600 --> 00:16:32,920 Speaker 4: promised in the lead up to the last election in 263 00:16:33,200 --> 00:16:35,920 Speaker 4: twenty twenty two the first election to reduce it to 264 00:16:36,040 --> 00:16:39,360 Speaker 4: thirty dollars, and then at the last election we promised 265 00:16:39,400 --> 00:16:41,440 Speaker 4: to reduce it for the to twenty five dollars. So 266 00:16:41,560 --> 00:16:45,200 Speaker 4: that was the same price that medicines were in two 267 00:16:45,280 --> 00:16:49,560 Speaker 4: thousand and four, So that will make an incredible difference. 268 00:16:50,040 --> 00:16:55,200 Speaker 4: It saved people well over billion dollars already those changes, 269 00:16:56,160 --> 00:16:59,040 Speaker 4: and in addition to that, we have sixty days scripts, 270 00:17:00,360 --> 00:17:04,080 Speaker 4: saves on going to the doctor, saves on time and all. 271 00:17:04,040 --> 00:17:04,760 Speaker 5: Of that as well. 272 00:17:05,040 --> 00:17:06,720 Speaker 3: My GP's the biggest fan of that. 273 00:17:07,160 --> 00:17:11,119 Speaker 4: That's made such a big difference to people and for 274 00:17:11,240 --> 00:17:14,840 Speaker 4: people who need regular medicines like their heart conditions and 275 00:17:14,920 --> 00:17:17,960 Speaker 4: manning it better or reflux or whatever it is that 276 00:17:18,080 --> 00:17:22,200 Speaker 4: they have, so just common sense really. And then the 277 00:17:22,400 --> 00:17:26,840 Speaker 4: third change, which is important is for concession card holders. 278 00:17:27,000 --> 00:17:31,240 Speaker 4: So four pensioners or people have concession cards, we're frozen. 279 00:17:31,359 --> 00:17:35,000 Speaker 4: The costs are just seven dollars seventy until the end 280 00:17:35,040 --> 00:17:38,520 Speaker 4: of the decade. So they can have that certainty. 281 00:17:38,119 --> 00:17:41,840 Speaker 5: Because they're budgeting, they've got that and it's there exactly, 282 00:17:42,119 --> 00:17:45,760 Speaker 5: and it will make such a practical difference because when 283 00:17:46,040 --> 00:17:48,960 Speaker 5: I spoke with some pharmacists and I was the first 284 00:17:49,040 --> 00:17:51,360 Speaker 5: Prime Minister to address a pharmacy. 285 00:17:50,960 --> 00:17:53,840 Speaker 4: Girl big conference that they have never knew. There were 286 00:17:53,880 --> 00:17:58,640 Speaker 4: so many chemists around Australia all there and really passionate. 287 00:17:58,720 --> 00:18:03,280 Speaker 4: The relationship that they have with their customers as well. 288 00:18:04,000 --> 00:18:06,720 Speaker 4: It isn't just a business one, it's a really personal one. 289 00:18:06,920 --> 00:18:11,920 Speaker 4: My local pharmacy in Marrickville near my office as a 290 00:18:12,000 --> 00:18:17,160 Speaker 4: Greek speaker, Vietnamese speaker, Chinese, Arabic and people come in there, 291 00:18:17,640 --> 00:18:21,639 Speaker 4: they get advice, they get assistants like it really is 292 00:18:22,560 --> 00:18:26,800 Speaker 4: the heart of the community and shout out to all 293 00:18:26,840 --> 00:18:30,639 Speaker 4: the guys there. It blooms at Marrackville Road and so 294 00:18:31,840 --> 00:18:35,840 Speaker 4: making a difference here also, I think shakes up something 295 00:18:35,920 --> 00:18:39,720 Speaker 4: that I'm sure has appeared on your podcast from time 296 00:18:39,800 --> 00:18:42,919 Speaker 4: to time, the statement nothing ever goes down in price, 297 00:18:43,400 --> 00:18:46,159 Speaker 4: which is a fair enough statement, except for this, I 298 00:18:46,359 --> 00:18:46,639 Speaker 4: love it. 299 00:18:46,800 --> 00:18:50,000 Speaker 3: And even though there's a lot of benefit to people 300 00:18:50,480 --> 00:18:53,920 Speaker 3: on pensions, I'm seeing, even just in my more millennial 301 00:18:54,200 --> 00:18:58,200 Speaker 3: women community, reproductive health is massive. I don't know any 302 00:18:58,320 --> 00:19:01,680 Speaker 3: female in my circle that hasn't been on the pill. 303 00:19:01,880 --> 00:19:05,200 Speaker 3: And for a very long time that was incredibly expensive, 304 00:19:05,359 --> 00:19:07,920 Speaker 3: and earlier this year it got dropped down. It was 305 00:19:07,960 --> 00:19:10,520 Speaker 3: the first time in thirty years that I would say 306 00:19:10,560 --> 00:19:13,040 Speaker 3: the most common pill yas or yasmin has been on 307 00:19:13,440 --> 00:19:15,200 Speaker 3: the PBS in the way that it has, which I 308 00:19:15,359 --> 00:19:17,840 Speaker 3: was so excited about. But just knowing this is going 309 00:19:17,920 --> 00:19:20,280 Speaker 3: to take a little bit of pressure off even just 310 00:19:20,359 --> 00:19:22,960 Speaker 3: women saving for their first times, women who just need 311 00:19:23,000 --> 00:19:25,480 Speaker 3: a little bit more wiggle room in their grocery budgets 312 00:19:25,560 --> 00:19:27,040 Speaker 3: makes me so excited. 313 00:19:27,160 --> 00:19:29,560 Speaker 4: Well, it's about gender equity as well. That was part 314 00:19:29,680 --> 00:19:33,480 Speaker 4: of a program that was more than half a billion 315 00:19:33,560 --> 00:19:38,960 Speaker 4: dollars essentially on women's reproductive health, everything from new listings 316 00:19:40,240 --> 00:19:47,240 Speaker 4: for contraceptives to IUDs, to making an enormous difference across 317 00:19:47,359 --> 00:19:51,040 Speaker 4: a range of area's endoclinics. We've got twenty two and 318 00:19:51,160 --> 00:19:55,880 Speaker 4: pelvic pain clinics. We're opening more of them as well 319 00:19:56,160 --> 00:20:01,040 Speaker 4: right around the country, making sure that we address menopause 320 00:20:01,119 --> 00:20:05,920 Speaker 4: and perry as well, to address those issues with additional 321 00:20:06,040 --> 00:20:10,800 Speaker 4: funding and in part just talking about these issues in 322 00:20:10,880 --> 00:20:13,640 Speaker 4: the Parliament. This is something that when I got here 323 00:20:13,880 --> 00:20:16,000 Speaker 4: not that long ago, but at the end of the 324 00:20:16,119 --> 00:20:20,920 Speaker 4: nineteen nineties, these issues just weren't front and center. There's 325 00:20:21,000 --> 00:20:23,840 Speaker 4: no accident that when you have young women elected to 326 00:20:23,920 --> 00:20:27,840 Speaker 4: the Parliament and you have strong advocates like Katie and 327 00:20:28,119 --> 00:20:32,600 Speaker 4: Jed Carney played a real major role in that, as 328 00:20:32,640 --> 00:20:36,040 Speaker 4: well as Mark Butler, the Health Minister, very passionate about this. 329 00:20:36,720 --> 00:20:38,080 Speaker 4: It will make a real difference. 330 00:20:38,359 --> 00:20:40,600 Speaker 3: Yeah, I spoke or I had the privilege of speaking 331 00:20:40,640 --> 00:20:42,320 Speaker 3: to Katie about that. Do you think that we can 332 00:20:42,400 --> 00:20:46,840 Speaker 3: see further priority being put on that space in future budgets. 333 00:20:47,119 --> 00:20:54,440 Speaker 4: Absolutely, and whether it's women's health issues or we'll get 334 00:20:54,480 --> 00:20:56,919 Speaker 4: to our housing issues. But a lot of that has 335 00:20:57,040 --> 00:21:01,919 Speaker 4: been focusing on women and children escaping domestic violence. For example. 336 00:21:01,960 --> 00:21:06,000 Speaker 4: We have a four billion dollar plan on women and 337 00:21:06,080 --> 00:21:11,160 Speaker 4: children escaping domestic violence and on those issues, making sure 338 00:21:11,320 --> 00:21:16,600 Speaker 4: that the parliament's very focused on. Yeah, there are issues 339 00:21:16,720 --> 00:21:20,440 Speaker 4: like dealing with climate change and dealing with big challenges 340 00:21:20,520 --> 00:21:23,320 Speaker 4: that we have, how do we deal with AI. All 341 00:21:23,400 --> 00:21:27,879 Speaker 4: of that is important, but it's also really vital that 342 00:21:28,400 --> 00:21:32,160 Speaker 4: the government focus on things that make an immediate difference 343 00:21:32,280 --> 00:21:37,920 Speaker 4: to people's lives, because that's about giving them agency and 344 00:21:38,520 --> 00:21:44,280 Speaker 4: ownership over the government and over the role that this place, 345 00:21:44,440 --> 00:21:47,440 Speaker 4: this building can play in improving their lives. 346 00:21:47,720 --> 00:21:50,639 Speaker 3: Yeah. And something that I asked my community and the 347 00:21:50,760 --> 00:21:53,920 Speaker 3: lead up to getting to interview you was if you 348 00:21:53,960 --> 00:21:55,440 Speaker 3: were a prime in a style, what would you change? 349 00:21:55,480 --> 00:21:58,120 Speaker 3: What would you focus on? Groceries? With a number one 350 00:21:58,359 --> 00:22:01,920 Speaker 3: money stress our community raised a head of rent and utilities. 351 00:22:02,560 --> 00:22:04,800 Speaker 3: What is your government doing that will actually make the 352 00:22:04,840 --> 00:22:06,800 Speaker 3: weekly shop cheaper this year? 353 00:22:07,000 --> 00:22:09,840 Speaker 4: Well, introducing the Grocery Code of Conduct. It was one 354 00:22:09,840 --> 00:22:12,040 Speaker 4: of the things that were announced on I think it 355 00:22:12,160 --> 00:22:18,040 Speaker 4: was day two of the campaign. I did a wonderful 356 00:22:18,600 --> 00:22:22,000 Speaker 4: morning tea after I did Insiders in the morning, and 357 00:22:22,080 --> 00:22:25,119 Speaker 4: then went and did one of the first press conferences 358 00:22:25,160 --> 00:22:27,720 Speaker 4: and it was in a backyard with a hills hoist 359 00:22:28,240 --> 00:22:31,760 Speaker 4: on the northern suburbs of Canberra, with a wonderful Italian 360 00:22:31,840 --> 00:22:37,880 Speaker 4: Australian family who did make very nice cookies and good 361 00:22:37,920 --> 00:22:42,359 Speaker 4: books book so it was pretty good, absolutely, And there 362 00:22:42,440 --> 00:22:45,320 Speaker 4: we announced mandate in the Code of Conduct. One of 363 00:22:45,320 --> 00:22:48,040 Speaker 4: the things that's happened for a while was there was 364 00:22:48,080 --> 00:22:53,720 Speaker 4: all this voluntary code so that things like addressing shrink 365 00:22:53,800 --> 00:22:59,320 Speaker 4: flation that's where the same good shrinks in size but 366 00:22:59,440 --> 00:23:04,560 Speaker 4: the price is the same, which can happen for everything 367 00:23:04,640 --> 00:23:06,240 Speaker 4: from chips to biscuits. 368 00:23:05,920 --> 00:23:08,960 Speaker 3: To the exactly should be illegal. 369 00:23:09,280 --> 00:23:14,760 Speaker 4: I'm sorry, Well, we're we're making we're fixing that the 370 00:23:14,920 --> 00:23:20,760 Speaker 4: issue of where prices get increased by a dollar, decrease 371 00:23:20,880 --> 00:23:24,120 Speaker 4: by fifty cents a week later and they pretend it's 372 00:23:24,160 --> 00:23:31,399 Speaker 4: on sale. Those issues making it illegal and empowering the 373 00:23:31,480 --> 00:23:36,760 Speaker 4: Australian competition, the arible ceed the Tribunal to have powers 374 00:23:36,840 --> 00:23:41,920 Speaker 4: to take action and fine those companies engaging in that 375 00:23:42,640 --> 00:23:45,560 Speaker 4: as well. As well as that, the work that we're 376 00:23:45,640 --> 00:23:51,320 Speaker 4: funding consumer organization's choice to get out there and publish 377 00:23:51,760 --> 00:23:54,240 Speaker 4: where's the cheapest place to get gracious, trying to get 378 00:23:54,320 --> 00:23:59,560 Speaker 4: that competitive edge there as well. So these are issues 379 00:23:59,640 --> 00:24:05,320 Speaker 4: that that do impact people's lives very directly. And whereas 380 00:24:05,800 --> 00:24:09,680 Speaker 4: a bill might be quarterly, people need to go to 381 00:24:09,760 --> 00:24:15,760 Speaker 4: the supermarket every week or every fortnight. Yeah right, Well, 382 00:24:15,760 --> 00:24:18,359 Speaker 4: I'm one of these people who used to go to 383 00:24:19,160 --> 00:24:24,840 Speaker 4: when I did shop and cook for myself, I'd do 384 00:24:24,880 --> 00:24:28,520 Speaker 4: it in small batches. I'd go and just get what was. 385 00:24:28,960 --> 00:24:32,840 Speaker 3: What you need stays for exactly. Now. I am loving 386 00:24:32,920 --> 00:24:35,560 Speaker 3: this conversation, as I know my community are, but it 387 00:24:35,640 --> 00:24:37,600 Speaker 3: would be rude not to give us a little breather. 388 00:24:37,760 --> 00:24:39,720 Speaker 3: So let's go to a really quick break and on 389 00:24:39,800 --> 00:24:41,600 Speaker 3: the flip side, we're going to dive right back in. 390 00:24:45,960 --> 00:24:48,960 Speaker 3: Welcome back to honestly one of the biggest interviews of 391 00:24:49,160 --> 00:24:52,520 Speaker 3: my life. We have Prime Minister Anthony Albanezi and we 392 00:24:52,720 --> 00:24:56,280 Speaker 3: are talking everything money. Now another conversation that we're having 393 00:24:56,320 --> 00:24:59,200 Speaker 3: in our community that we kind of sprinkled at the 394 00:24:59,200 --> 00:25:02,000 Speaker 3: start of housing and I'm really excited to talk about this. 395 00:25:02,440 --> 00:25:05,600 Speaker 3: Housing is another massive theme for our listeners, and I 396 00:25:05,680 --> 00:25:08,280 Speaker 3: want to share a question from a twenty nine year 397 00:25:08,320 --> 00:25:11,200 Speaker 3: old in our community who has voice noted me in, 398 00:25:11,400 --> 00:25:14,680 Speaker 3: so I'll play that for you. But basically she's doing 399 00:25:14,760 --> 00:25:17,239 Speaker 3: everything right and it just feels a little bit out 400 00:25:17,280 --> 00:25:18,840 Speaker 3: of each So let's have a listen. 401 00:25:19,320 --> 00:25:22,440 Speaker 2: Hi, I have a money dilemma. I'm twenty nine years old, 402 00:25:22,520 --> 00:25:24,680 Speaker 2: I work full time, I'm single, I don't have a 403 00:25:24,800 --> 00:25:29,120 Speaker 2: house a rent. Basically, I have roughly fifty thousand dollars 404 00:25:29,160 --> 00:25:31,159 Speaker 2: in the pain. It's in a high interrat savings can. 405 00:25:31,200 --> 00:25:34,000 Speaker 2: I think it's five percent return annually. And then in 406 00:25:34,080 --> 00:25:37,560 Speaker 2: addition to that, I have an emergency fund. There's about 407 00:25:37,600 --> 00:25:40,160 Speaker 2: two thousand dollars in there. I'm putting money towards each 408 00:25:40,640 --> 00:25:44,240 Speaker 2: pay I get. I am also micro investing in Perla. 409 00:25:44,560 --> 00:25:46,280 Speaker 2: I think I do about three hundred and fifty dollars 410 00:25:46,280 --> 00:25:48,639 Speaker 2: a fortnight in there. Investing is exciting to me. I 411 00:25:48,800 --> 00:25:51,080 Speaker 2: like to see my money slowly grow, but I feel 412 00:25:51,119 --> 00:25:52,639 Speaker 2: like I should be doing more with the money that 413 00:25:52,720 --> 00:25:55,960 Speaker 2: she's sitting in my bank account. Obviously, for me, the 414 00:25:56,040 --> 00:25:58,760 Speaker 2: housing market at the moment as a single feels almost impossible, 415 00:25:58,760 --> 00:26:00,240 Speaker 2: and it's not something that I can see in my 416 00:26:00,320 --> 00:26:04,800 Speaker 2: foreseeable future. My question is what would you do if 417 00:26:04,880 --> 00:26:06,160 Speaker 2: you had this money? 418 00:26:06,480 --> 00:26:06,600 Speaker 4: Now? 419 00:26:06,680 --> 00:26:09,440 Speaker 3: She probably didn't expect the Prime Minister to be responding 420 00:26:09,520 --> 00:26:11,280 Speaker 3: that one was for me, But I'm going to handle 421 00:26:11,359 --> 00:26:11,720 Speaker 3: it to you. 422 00:26:12,720 --> 00:26:17,760 Speaker 4: Okay. Well, the first thing careful about this You take 423 00:26:17,840 --> 00:26:21,320 Speaker 4: your own advice and own decisions. I should say that rather. 424 00:26:22,080 --> 00:26:25,040 Speaker 3: We can't give proper financial advice. That would actually be illegal. 425 00:26:25,119 --> 00:26:28,280 Speaker 3: But this is more alike, is it actually is out 426 00:26:28,320 --> 00:26:28,680 Speaker 3: of reach? 427 00:26:28,960 --> 00:26:30,040 Speaker 4: She's doing the right thing. 428 00:26:30,520 --> 00:26:31,200 Speaker 3: She's doing well. 429 00:26:31,600 --> 00:26:35,120 Speaker 4: Isn't she doing incredibly well? To fifty grand? And she's 430 00:26:35,240 --> 00:26:40,080 Speaker 4: sensible as wellencyally resting great. 431 00:26:40,280 --> 00:26:42,800 Speaker 3: I thought you'd be proud. I was like, this is 432 00:26:42,880 --> 00:26:44,200 Speaker 3: coming out of my community. 433 00:26:44,359 --> 00:26:47,440 Speaker 4: That is awesome. Well, I'll tell you something that will 434 00:26:47,520 --> 00:26:52,920 Speaker 4: make it easier is what we've done. Just last week 435 00:26:53,040 --> 00:26:58,520 Speaker 4: we brought forward our five percent deposit plan to the 436 00:26:58,600 --> 00:27:01,840 Speaker 4: first of October. It was due to come in on 437 00:27:01,960 --> 00:27:05,560 Speaker 4: the first of January, and it will make an enormous 438 00:27:05,600 --> 00:27:09,440 Speaker 4: difference if you've got fifty thousand dollars in the bank 439 00:27:10,520 --> 00:27:14,840 Speaker 4: and previously if you need a twenty percent deposit. Of course, 440 00:27:14,920 --> 00:27:21,359 Speaker 4: that's so hard, and what we found that average time 441 00:27:21,600 --> 00:27:26,600 Speaker 4: to save might have been eight to ten years. By 442 00:27:26,680 --> 00:27:31,440 Speaker 4: having five percent deposit and the government importantly going guaranteur 443 00:27:32,240 --> 00:27:36,879 Speaker 4: so that you don't need insurance mortgage insurance will save 444 00:27:37,160 --> 00:27:41,880 Speaker 4: an enormous amount. In addition to that, what we've done 445 00:27:42,119 --> 00:27:48,680 Speaker 4: is lift the amounts to a more reasonable level, realistic level, 446 00:27:48,800 --> 00:27:54,120 Speaker 4: depending upon where people live, and so if people can 447 00:27:54,280 --> 00:27:59,720 Speaker 4: get into me. I dived in myself into housing a 448 00:27:59,800 --> 00:28:04,920 Speaker 4: time where all of my money basically went to pay 449 00:28:05,000 --> 00:28:11,040 Speaker 4: off that first mortgage every every month of the payments 450 00:28:11,040 --> 00:28:14,480 Speaker 4: because the interest rate was so high. Yes, it was 451 00:28:15,119 --> 00:28:18,399 Speaker 4: a lot cheaper than houses are today. 452 00:28:18,640 --> 00:28:20,840 Speaker 3: I'll swap. If you want to swap, give us high 453 00:28:20,920 --> 00:28:24,120 Speaker 3: interest rates and really cheap housing, I'm on board. 454 00:28:24,240 --> 00:28:28,840 Speaker 4: Well, there is that, but you know, I think what 455 00:28:29,080 --> 00:28:32,440 Speaker 4: that's aimed at is people like I didn't. 456 00:28:32,160 --> 00:28:34,920 Speaker 3: Catch her anonymous, you didn't miss it. 457 00:28:35,040 --> 00:28:38,240 Speaker 4: It just wasn't a friend. We'll call her that and 458 00:28:39,560 --> 00:28:44,200 Speaker 4: hopefully this is an enabler to get her into her 459 00:28:44,320 --> 00:28:47,200 Speaker 4: first home. There's another thing we're doing as well that 460 00:28:47,320 --> 00:28:51,000 Speaker 4: will kick in, which is really exciting. It is based 461 00:28:51,080 --> 00:28:55,640 Speaker 4: upon a South Australian scheme, which is I visited a 462 00:28:55,760 --> 00:28:59,080 Speaker 4: place in the suburbs of South Australia where two hundred 463 00:28:59,120 --> 00:29:02,400 Speaker 4: and forty townhouses cent you're right next to the train 464 00:29:02,520 --> 00:29:06,520 Speaker 4: station are being built in Adelaide, and one hundred of 465 00:29:06,640 --> 00:29:11,720 Speaker 4: those are reserved just for first home buyers. So that 466 00:29:11,920 --> 00:29:15,720 Speaker 4: means in terms of the competition at that auction, and 467 00:29:15,840 --> 00:29:20,040 Speaker 4: because it's government it was on an old industrial site. 468 00:29:20,880 --> 00:29:25,360 Speaker 4: Government can do that by opening up sites for new housing. 469 00:29:25,520 --> 00:29:29,800 Speaker 4: And perhaps the discussion that's taking place at the moment 470 00:29:29,840 --> 00:29:33,560 Speaker 4: about well our a train station and new housing there, 471 00:29:33,640 --> 00:29:37,840 Speaker 4: that could be an example. Government can use that in 472 00:29:38,080 --> 00:29:43,280 Speaker 4: order to say, well, we will give you an additional 473 00:29:43,880 --> 00:29:46,480 Speaker 4: if you're going to have two hundred houses, will allow 474 00:29:46,560 --> 00:29:53,120 Speaker 4: you to build an additional forty if they're reserved one 475 00:29:53,200 --> 00:29:55,680 Speaker 4: hundred of them in this case for first home buyers. 476 00:29:56,160 --> 00:30:00,840 Speaker 4: So we're going to deliver one hundred thousand of properties 477 00:30:01,320 --> 00:30:05,000 Speaker 4: just for first home buyers, So the combination of those 478 00:30:05,160 --> 00:30:10,040 Speaker 4: two things should really make a difference. In addition, of course, 479 00:30:10,360 --> 00:30:13,360 Speaker 4: interest rates coming down, and there's spent three decreases so 480 00:30:13,560 --> 00:30:14,240 Speaker 4: far this year. 481 00:30:14,600 --> 00:30:17,240 Speaker 3: As a frugal man, you probably like seeing that as well. 482 00:30:17,640 --> 00:30:18,280 Speaker 4: I certainly do. 483 00:30:18,480 --> 00:30:18,960 Speaker 5: We all do. 484 00:30:19,240 --> 00:30:22,200 Speaker 3: I certainly do, and I feel like that addresses and 485 00:30:22,240 --> 00:30:24,160 Speaker 3: I'm going to ask more about it because I know 486 00:30:24,240 --> 00:30:28,120 Speaker 3: you mentioned before that you'd read my article on the policy, 487 00:30:28,640 --> 00:30:31,040 Speaker 3: and I'm a big fan of it. I think it's fantastic, 488 00:30:31,200 --> 00:30:34,000 Speaker 3: especially for my community who are ready to buy. I 489 00:30:34,200 --> 00:30:37,320 Speaker 3: also own a mortgage broking business, and I have a 490 00:30:37,400 --> 00:30:42,600 Speaker 3: team of very beautiful brokers. We are influxed with conversations 491 00:30:42,600 --> 00:30:45,680 Speaker 3: about do I need to be buying before October? Is 492 00:30:45,760 --> 00:30:49,000 Speaker 3: this going to surge housing prices? A lot of the 493 00:30:49,120 --> 00:30:53,440 Speaker 3: comments online about the policy have been a lot about Okay, well, 494 00:30:53,480 --> 00:30:55,640 Speaker 3: this is just going to increase the average cost. And 495 00:30:56,280 --> 00:30:58,920 Speaker 3: what do you say to the people that are saying, look, yes, 496 00:30:59,040 --> 00:31:02,040 Speaker 3: that sounds fantastic, stick a lower deposit, but the issue 497 00:31:02,200 --> 00:31:04,600 Speaker 3: is paying for it ongoing and the fact that we 498 00:31:04,840 --> 00:31:06,000 Speaker 3: just don't have enough housing. 499 00:31:07,080 --> 00:31:10,280 Speaker 4: Well, this is just one measure. We have a forty 500 00:31:10,400 --> 00:31:13,840 Speaker 4: three billion dollar Homes for Australia Plan, which is all 501 00:31:13,880 --> 00:31:17,680 Speaker 4: about supply. That's the key, no question about that. So 502 00:31:17,840 --> 00:31:22,560 Speaker 4: we've got increased social and affordable housing through our Housing 503 00:31:22,600 --> 00:31:26,640 Speaker 4: Australia Future Fund that is now go and gang buses 504 00:31:27,280 --> 00:31:32,160 Speaker 4: right around the country making an enormous difference. We have 505 00:31:32,880 --> 00:31:36,080 Speaker 4: another program that's about taking a whole lot of homes 506 00:31:37,720 --> 00:31:42,520 Speaker 4: we're basically not fit for purpose, uninhabitable, so we put 507 00:31:42,600 --> 00:31:46,240 Speaker 4: in a special two billion dollar fund in the budget 508 00:31:47,720 --> 00:31:52,400 Speaker 4: from July two thousand and twenty four that kicked in 509 00:31:52,720 --> 00:31:57,440 Speaker 4: immediately so that those houses are now people living in them. 510 00:31:57,760 --> 00:32:01,600 Speaker 4: So to state government's gotten that grant. We in addition 511 00:32:02,480 --> 00:32:04,400 Speaker 4: to that, have our Build to Rent scheme. 512 00:32:05,120 --> 00:32:05,920 Speaker 2: What that is is. 513 00:32:06,000 --> 00:32:10,800 Speaker 4: Providing tax in centers for developers for private rentals, so 514 00:32:11,000 --> 00:32:16,920 Speaker 4: more public housing, more private rentals being constructed. And our 515 00:32:17,480 --> 00:32:20,240 Speaker 4: we've got a range of home ownership programs that's a 516 00:32:20,320 --> 00:32:24,840 Speaker 4: five percent deposit. There's our Shared Equity scheme and how 517 00:32:25,040 --> 00:32:29,160 Speaker 4: that works helped to buy is that for a new 518 00:32:29,280 --> 00:32:34,480 Speaker 4: dwelling then the government can be a forty percent owner 519 00:32:35,560 --> 00:32:41,120 Speaker 4: of a property. For an existing property thirty percent, So 520 00:32:41,440 --> 00:32:45,800 Speaker 4: say property is just for ease of mass worth a 521 00:32:45,880 --> 00:32:49,440 Speaker 4: million dollars. Then four hundred thousand dollars is provided by 522 00:32:50,200 --> 00:32:55,360 Speaker 4: the government and the government owns that share sixty percent 523 00:32:55,840 --> 00:32:59,560 Speaker 4: owned by the individual, so six hundred thousand dollars is 524 00:33:00,160 --> 00:33:03,520 Speaker 4: what they need rather than a million dollars, and they 525 00:33:03,640 --> 00:33:07,360 Speaker 4: can over a period of time payback by back the 526 00:33:07,440 --> 00:33:11,840 Speaker 4: government's share, or when the property is sold at the 527 00:33:11,960 --> 00:33:16,560 Speaker 4: end forty percent goes back to the government, or it's 528 00:33:16,600 --> 00:33:21,880 Speaker 4: done actually through banks. Yes, but it's been really effective 529 00:33:22,280 --> 00:33:25,480 Speaker 4: in Western Australia, has been going since the nineteen seventies 530 00:33:26,200 --> 00:33:28,800 Speaker 4: and having a national approach to this scheme as well. 531 00:33:28,960 --> 00:33:32,560 Speaker 4: So it is about supply, so we will have increased 532 00:33:33,160 --> 00:33:37,160 Speaker 4: new homes being built for private ownership, new homes being 533 00:33:37,200 --> 00:33:40,600 Speaker 4: built for private rentals, and new homes being built for 534 00:33:41,600 --> 00:33:45,920 Speaker 4: social housing as well. It's the biggest ever investment by 535 00:33:46,040 --> 00:33:47,680 Speaker 4: any government ever. 536 00:33:48,440 --> 00:33:50,200 Speaker 3: That must make you pretty proud to be able to 537 00:33:50,320 --> 00:33:52,560 Speaker 3: say it does, because I hear that and I'm like, 538 00:33:52,680 --> 00:33:53,680 Speaker 3: that's pretty cool. 539 00:33:53,960 --> 00:33:58,640 Speaker 4: As a proud HOUSEO, I'm really proud of the fact that, 540 00:33:58,880 --> 00:34:01,680 Speaker 4: I mean, the former government for a while, try not 541 00:34:01,800 --> 00:34:03,800 Speaker 4: to be too political here, but they didn't even have 542 00:34:03,920 --> 00:34:08,280 Speaker 4: a federal Housing minister for half their time and housing 543 00:34:08,440 --> 00:34:12,399 Speaker 4: is so essential because it's the key. A secure roof 544 00:34:12,560 --> 00:34:19,200 Speaker 4: over your head will impact your education, your health, everything 545 00:34:19,239 --> 00:34:24,440 Speaker 4: else comes from that as well. So I'm proud of that. 546 00:34:24,760 --> 00:34:28,040 Speaker 4: And the other effort that we've done, of course, is 547 00:34:28,280 --> 00:34:32,360 Speaker 4: to really concentrate on getting inflation down because that's a 548 00:34:32,400 --> 00:34:37,400 Speaker 4: prerequisite for getting interest rates down, absolutely and that's working 549 00:34:37,480 --> 00:34:40,880 Speaker 4: as well. Down to get inflation down, to have a 550 00:34:40,960 --> 00:34:43,919 Speaker 4: too in front of it now for some time, which 551 00:34:44,000 --> 00:34:47,560 Speaker 4: is a reserve bank band, which has led to three 552 00:34:47,680 --> 00:34:49,520 Speaker 4: interest rate decreases. 553 00:34:49,160 --> 00:34:53,320 Speaker 3: Which is very attractive. Another really big topic that impacts 554 00:34:53,400 --> 00:34:58,160 Speaker 3: my community but also women at large is childcare, and 555 00:34:58,520 --> 00:35:02,359 Speaker 3: that topic is full of conversation at the moment. You've 556 00:35:02,400 --> 00:35:05,080 Speaker 3: said that a fully funded childcare plan could be a 557 00:35:05,200 --> 00:35:09,160 Speaker 3: legacy policy for your government. Universal childcare sounds like it 558 00:35:09,200 --> 00:35:11,560 Speaker 3: could be a game changer. But we've also seen with 559 00:35:11,680 --> 00:35:15,520 Speaker 3: the NDIS how good ideas can kind of be really 560 00:35:15,640 --> 00:35:20,040 Speaker 3: complex and quite hard to manage. What do you need 561 00:35:20,160 --> 00:35:23,439 Speaker 3: to see in the findings to make universal childcare both 562 00:35:23,560 --> 00:35:26,799 Speaker 3: doable and sustainable long term, Well, you need. 563 00:35:26,760 --> 00:35:29,640 Speaker 4: To get the model right, and that's why we've done 564 00:35:29,680 --> 00:35:33,680 Speaker 4: it in stages. So the first stage was to increase 565 00:35:33,840 --> 00:35:39,200 Speaker 4: childcare substies, which made a big difference. The second stage 566 00:35:39,360 --> 00:35:43,880 Speaker 4: is what we've done on the three day childcare guarantee 567 00:35:44,600 --> 00:35:49,760 Speaker 4: and also a billion dollars for infrastructure of childcare centers 568 00:35:50,440 --> 00:35:53,800 Speaker 4: in out of suburbs and some regions where there just 569 00:35:54,040 --> 00:35:57,960 Speaker 4: isn't any accessibility as well. The other thing you needed 570 00:35:58,040 --> 00:36:02,320 Speaker 4: to do was to fix the work force, so paying 571 00:36:02,480 --> 00:36:10,839 Speaker 4: people properly, which we have done with substantial pay increases, 572 00:36:11,600 --> 00:36:15,520 Speaker 4: which is about keeping people in the industry and recognizing 573 00:36:15,600 --> 00:36:20,879 Speaker 4: that this isn't childminded, this is early education, and one 574 00:36:20,880 --> 00:36:23,760 Speaker 4: of the things that we have to do is change 575 00:36:23,840 --> 00:36:28,480 Speaker 4: some of the mindset in some of the Scandinavian countries. 576 00:36:28,560 --> 00:36:36,040 Speaker 4: It's just a given that early education contributes to then 577 00:36:37,160 --> 00:36:43,400 Speaker 4: going to school already having those skills reading and writing 578 00:36:43,640 --> 00:36:49,200 Speaker 4: and basic maths that begins at that time, drawing art, 579 00:36:49,840 --> 00:36:55,040 Speaker 4: but also the social skills that children learn of each other. 580 00:36:55,719 --> 00:36:58,000 Speaker 4: One of the great privileges of this job. I only 581 00:36:58,560 --> 00:37:02,600 Speaker 4: had one child is now very tall in age twenty four. 582 00:37:03,239 --> 00:37:07,520 Speaker 3: There's still a child, well to me, still a baby. 583 00:37:08,280 --> 00:37:15,560 Speaker 4: But going into early education centers is so uplifting because 584 00:37:15,600 --> 00:37:19,840 Speaker 4: at a time where there's conflict, including you know, we 585 00:37:20,000 --> 00:37:24,240 Speaker 4: see some unfortunate rally. Is it a bit of division 586 00:37:24,320 --> 00:37:29,200 Speaker 4: out there? Kids just they don't see race, they don't 587 00:37:29,239 --> 00:37:32,640 Speaker 4: see religion. They just see other kids their magic and 588 00:37:32,800 --> 00:37:35,880 Speaker 4: it's so good and so it's a great privilege of 589 00:37:36,040 --> 00:37:39,560 Speaker 4: this job. But it also is that the three piece 590 00:37:39,600 --> 00:37:47,440 Speaker 4: of economic growth, productivity, participation, and population, that's how you 591 00:37:47,520 --> 00:37:53,160 Speaker 4: grow an economy. Childcare does all three. It's about the 592 00:37:53,360 --> 00:37:56,000 Speaker 4: only thing you can think of that does all three. 593 00:37:56,560 --> 00:38:00,720 Speaker 4: It increases women's workforce participation, which is that record levels. 594 00:38:01,520 --> 00:38:06,239 Speaker 4: It increases productivity because it means women are going in 595 00:38:06,400 --> 00:38:09,480 Speaker 4: and out of the workforce. It changes it or for 596 00:38:09,600 --> 00:38:15,080 Speaker 4: as long it changes as well the retirement incomes and 597 00:38:15,280 --> 00:38:21,400 Speaker 4: closes that retirement gender gap which is there. And of 598 00:38:21,520 --> 00:38:26,600 Speaker 4: course it encourages population growth as well because people will 599 00:38:26,719 --> 00:38:31,000 Speaker 4: make financial assessments before when they're thinking about their family, 600 00:38:31,480 --> 00:38:34,320 Speaker 4: whether they can have their first, second, third, or however. 601 00:38:35,480 --> 00:38:37,920 Speaker 3: Financial decisions absolutely, and. 602 00:38:39,440 --> 00:38:42,480 Speaker 4: It can make an enormous difference as well as making 603 00:38:42,520 --> 00:38:45,120 Speaker 4: a difference to the child. And people will make their 604 00:38:45,160 --> 00:38:49,319 Speaker 4: own decisions of course about that's right for them. People 605 00:38:49,440 --> 00:38:52,480 Speaker 4: stay at home moms, that's great. You know, I had 606 00:38:52,560 --> 00:38:53,279 Speaker 4: that with my mum. 607 00:38:54,480 --> 00:38:57,640 Speaker 3: But you got the relationship between you and your mom, 608 00:38:57,920 --> 00:39:00,040 Speaker 3: Like that's something enviable. I would say. 609 00:39:00,400 --> 00:39:03,440 Speaker 4: Absolutely, But you know, when I was very little, before 610 00:39:04,000 --> 00:39:07,400 Speaker 4: the arthroats really kicked in. When she was she used 611 00:39:07,440 --> 00:39:12,359 Speaker 4: to work cleaning offices in the city overnight and then 612 00:39:12,560 --> 00:39:15,160 Speaker 4: look for me after me during the day because there 613 00:39:15,280 --> 00:39:17,040 Speaker 4: was no one. 614 00:39:18,680 --> 00:39:22,160 Speaker 3: A hustler. I just feel like if she was still around, 615 00:39:22,200 --> 00:39:23,799 Speaker 3: I'd be like, can you come on my show? Can 616 00:39:23,840 --> 00:39:28,080 Speaker 3: we do it money diary? Can tell me about your envelopes? 617 00:39:28,640 --> 00:39:30,880 Speaker 3: I just have so many questions for this woman. 618 00:39:31,160 --> 00:39:34,719 Speaker 4: Yeah. I don't know how, but she yeah was. 619 00:39:35,080 --> 00:39:37,760 Speaker 3: Single mums get it done. I don't know if they're still. 620 00:39:38,120 --> 00:39:41,520 Speaker 3: I mean, awe of my entire community. We have a 621 00:39:41,640 --> 00:39:44,960 Speaker 3: really large population of single mums, and the way that 622 00:39:45,080 --> 00:39:47,520 Speaker 3: they scrimp and save and budget and just get it 623 00:39:47,640 --> 00:39:50,640 Speaker 3: done and still show up for their kids is incredible. 624 00:39:52,320 --> 00:39:56,560 Speaker 4: Another insue I was really proud of in our first budget, 625 00:39:56,640 --> 00:40:03,879 Speaker 4: First Opportunity, I changed single parenting payment so that women 626 00:40:03,960 --> 00:40:10,080 Speaker 4: will be eligible and slightly women until their youngest child 627 00:40:10,280 --> 00:40:14,759 Speaker 4: is fourteen, because that was a real disincentive. There was 628 00:40:14,800 --> 00:40:19,600 Speaker 4: a relationship between a DV and people staying in relationships 629 00:40:19,640 --> 00:40:22,440 Speaker 4: if they didn't have financial capacity and Somers did a 630 00:40:22,520 --> 00:40:26,719 Speaker 4: wonderful study of that as well that showed that there 631 00:40:26,840 --> 00:40:31,240 Speaker 4: was a real impediment, and so I was really proud 632 00:40:31,320 --> 00:40:33,600 Speaker 4: that we did that first up. 633 00:40:34,239 --> 00:40:36,160 Speaker 3: I love that I'm going to get a little bit 634 00:40:36,360 --> 00:40:38,759 Speaker 3: spicy with the last three questions because I am very 635 00:40:38,800 --> 00:40:41,080 Speaker 3: conscious that I'm running out of time with you and 636 00:40:41,160 --> 00:40:42,480 Speaker 3: I want to zoom out for a moment. 637 00:40:42,640 --> 00:40:44,520 Speaker 4: So we've done well. The bells haven't rung yet. 638 00:40:44,600 --> 00:40:48,800 Speaker 3: I know, I am feeling very superpower. This stops Parliament. 639 00:40:49,840 --> 00:40:51,880 Speaker 3: So a lot of our audience has been watching what 640 00:40:52,000 --> 00:40:54,400 Speaker 3: is happening with Trump in the US at the moment, 641 00:40:54,920 --> 00:40:58,759 Speaker 3: and Australia Post has even stopped shipments to America. What 642 00:40:59,000 --> 00:41:01,479 Speaker 3: is your take on the gap between what Trump says 643 00:41:01,560 --> 00:41:04,680 Speaker 3: he's doing and the actual impact we are seeing here 644 00:41:04,800 --> 00:41:05,800 Speaker 3: in our economy. 645 00:41:06,280 --> 00:41:10,719 Speaker 4: Well, I think TARISA are an active economic self harm. Yes, 646 00:41:11,520 --> 00:41:18,000 Speaker 4: they're imposing costs on consumers in the United States and 647 00:41:19,239 --> 00:41:24,120 Speaker 4: that is having an impact, essentially producing greater revenue for 648 00:41:24,200 --> 00:41:29,000 Speaker 4: the US administration, but it will increase inflation. It is 649 00:41:29,120 --> 00:41:33,480 Speaker 4: having an impact here because of disruption in trade. 650 00:41:33,719 --> 00:41:36,080 Speaker 3: We're seeing so many small businesses announced they can no 651 00:41:36,200 --> 00:41:37,600 Speaker 3: longer service that community. 652 00:41:37,880 --> 00:41:42,880 Speaker 4: Well, the idea that if parcel goes to many small 653 00:41:42,920 --> 00:41:49,279 Speaker 4: businesses here just rely upon post slide. They don't have 654 00:41:49,880 --> 00:41:54,920 Speaker 4: a store, they're online effectively, and many of them are 655 00:41:55,600 --> 00:42:01,760 Speaker 4: really specific products that they're producing that are in demand 656 00:42:02,120 --> 00:42:07,480 Speaker 4: and in demand globally. The idea that a parcel comes 657 00:42:07,520 --> 00:42:12,560 Speaker 4: through an express post partel and you've got to pay 658 00:42:12,680 --> 00:42:16,080 Speaker 4: a tax on depending upon what is inside an individual 659 00:42:16,200 --> 00:42:22,200 Speaker 4: parcel is in my mind. We'll wait and see how 660 00:42:22,320 --> 00:42:23,120 Speaker 4: this plays out. 661 00:42:24,000 --> 00:42:24,120 Speaker 2: Well. 662 00:42:24,200 --> 00:42:29,879 Speaker 4: I can't see will possibly be workable in the medium term. 663 00:42:30,760 --> 00:42:34,600 Speaker 4: I think it's an idea that's popped up. It's not 664 00:42:34,800 --> 00:42:40,880 Speaker 4: just Australia around other Western democracies and major economies have 665 00:42:41,080 --> 00:42:44,759 Speaker 4: done the same thing because it's really hard. How do 666 00:42:44,840 --> 00:42:49,239 Speaker 4: you do an assessment, the cost of assessment and bureaucracy 667 00:42:49,760 --> 00:42:53,879 Speaker 4: associated with that. I can't see how it will work. 668 00:42:54,239 --> 00:42:58,759 Speaker 4: But it has been very disruptive, absolutely, and this is 669 00:42:59,040 --> 00:43:02,960 Speaker 4: an economic disruption. My government is trying to deal with that, 670 00:43:03,800 --> 00:43:06,719 Speaker 4: but every government is trying to deal with that as well. 671 00:43:07,520 --> 00:43:09,360 Speaker 3: And I'm just going to give a little bit of 672 00:43:09,400 --> 00:43:12,440 Speaker 3: context to our listeners because maybe they don't follow this 673 00:43:12,719 --> 00:43:17,400 Speaker 3: as keenly as I maybe do. Trump recently posted on 674 00:43:17,560 --> 00:43:21,640 Speaker 3: truth Social which is his version of Twitter in all caps. 675 00:43:21,800 --> 00:43:25,600 Speaker 3: This is a great time to buy DJT and he's 676 00:43:25,640 --> 00:43:28,000 Speaker 3: talking about the stock market. And then only a few 677 00:43:28,120 --> 00:43:31,759 Speaker 3: hours later he went on to announce the pause on 678 00:43:31,880 --> 00:43:35,879 Speaker 3: tariff's Prime Minister, what do you make of that kind 679 00:43:35,920 --> 00:43:39,240 Speaker 3: of market intervention from a political leader and how should 680 00:43:39,239 --> 00:43:41,040 Speaker 3: Australians interpret moments like this. 681 00:43:42,000 --> 00:43:47,360 Speaker 4: I think people will make their own interpretation on President Trump. 682 00:43:48,120 --> 00:43:52,400 Speaker 4: My job as Prime Minister is to be respectful and 683 00:43:52,600 --> 00:43:57,560 Speaker 4: to engage in dialogue in Australia's national interest. That is 684 00:43:57,680 --> 00:44:01,960 Speaker 4: something that we have been doing. Have the lowest tariff 685 00:44:02,719 --> 00:44:06,160 Speaker 4: of any country, or no country has lower ten percent. 686 00:44:07,440 --> 00:44:11,120 Speaker 4: We're arguing that reciprocal tariffs, which is what President Trump 687 00:44:11,840 --> 00:44:14,880 Speaker 4: says he is doing, would be zero. We have a 688 00:44:14,960 --> 00:44:19,160 Speaker 4: free trade agrammer, there are no tariffs on US goods 689 00:44:19,200 --> 00:44:23,200 Speaker 4: coming into Australia. And importantly, the US has a trade 690 00:44:23,280 --> 00:44:26,880 Speaker 4: surface with Australia. That is, we buy morph from the 691 00:44:27,040 --> 00:44:30,880 Speaker 4: US than the US buys from Australia. So it's. 692 00:44:32,640 --> 00:44:35,799 Speaker 3: Math is just not mathing right now, That's right. 693 00:44:36,520 --> 00:44:40,279 Speaker 4: It's something that we're just dealing with though, and we're 694 00:44:40,360 --> 00:44:44,640 Speaker 4: trying to be as constructive as we can. Be but 695 00:44:45,000 --> 00:44:49,279 Speaker 4: to put forward our case. President Trump has said that 696 00:44:49,560 --> 00:44:52,440 Speaker 4: tariff is the most beautiful word in the English language, 697 00:44:53,520 --> 00:44:55,279 Speaker 4: which is a strange one to have. 698 00:44:56,080 --> 00:44:58,120 Speaker 3: He can have that, he can keep that quick. 699 00:44:58,200 --> 00:45:02,320 Speaker 4: I can think of a range of things that I 700 00:45:02,360 --> 00:45:06,560 Speaker 4: would think are the most wonderful words in the English language. 701 00:45:06,719 --> 00:45:12,719 Speaker 4: I agree, fair, love, sharing, what you've got, tariffs, a 702 00:45:12,840 --> 00:45:17,360 Speaker 4: range of things that I would I would want to see. 703 00:45:17,440 --> 00:45:20,960 Speaker 5: Justice each to their own, to their own to their 704 00:45:21,000 --> 00:45:22,239 Speaker 5: own exactly. 705 00:45:22,600 --> 00:45:26,880 Speaker 4: And I've had three really constructive discussions with President Trump. 706 00:45:27,360 --> 00:45:33,200 Speaker 4: I look forward to more and to advancing Australia's interests. 707 00:45:33,360 --> 00:45:35,839 Speaker 3: All right, I know that my time is running out, 708 00:45:35,920 --> 00:45:37,640 Speaker 3: but I'm being a little bit greedy, and I would 709 00:45:37,840 --> 00:45:40,320 Speaker 3: really like some of your what we call at this 710 00:45:40,400 --> 00:45:43,920 Speaker 3: she's on the money house, are finance hot takes. So 711 00:45:43,960 --> 00:45:46,200 Speaker 3: I'm going to throw a few things at you. I 712 00:45:46,320 --> 00:45:49,719 Speaker 3: don't want lots of conversation. I don't even need context. 713 00:45:49,880 --> 00:45:53,280 Speaker 3: I just want a quick response to each of these topics. 714 00:45:53,320 --> 00:45:55,480 Speaker 4: I will try. I'm a politician, I know, but you're 715 00:45:56,040 --> 00:45:57,240 Speaker 4: paid to talk exactly. 716 00:45:57,320 --> 00:46:00,320 Speaker 3: But you're also probably very well media trained. I just 717 00:46:00,440 --> 00:46:06,319 Speaker 3: expect that the responses a test, all right. By now, 718 00:46:06,400 --> 00:46:10,600 Speaker 3: pay later can be dangerous, yes, all right. The pink tax, 719 00:46:11,000 --> 00:46:15,400 Speaker 3: the pink tax, so the tax on women's not equitable. 720 00:46:16,640 --> 00:46:19,479 Speaker 4: But these things are difficult to solve. 721 00:46:19,600 --> 00:46:23,640 Speaker 3: Cryptocurrency no chance, no chance from me personally. Prime Minister 722 00:46:23,719 --> 00:46:25,200 Speaker 3: is not into crypto confirmed. 723 00:46:25,680 --> 00:46:28,879 Speaker 4: The cost of eggs, The cost of eggs, well, it's 724 00:46:29,560 --> 00:46:34,400 Speaker 4: demand and supply. Childcare costs too high, but working on it. Okay. 725 00:46:34,640 --> 00:46:39,320 Speaker 3: The gender pay gap lowest it's ever been. Love rent prices. 726 00:46:39,280 --> 00:46:40,680 Speaker 4: Too high, but working on it. 727 00:46:40,800 --> 00:46:46,759 Speaker 3: With supply, fast fashion good good, We're going. 728 00:46:46,760 --> 00:46:48,560 Speaker 4: To have What do you mean by fast fashion? 729 00:46:48,760 --> 00:46:54,480 Speaker 3: Over consumption of outfits and goods instead of having a season. 730 00:46:54,640 --> 00:46:57,160 Speaker 3: I feel like, no, this is what I was confused 731 00:46:57,640 --> 00:46:58,319 Speaker 3: about the time. 732 00:46:58,480 --> 00:46:59,400 Speaker 4: No, I'm frugal. 733 00:46:59,840 --> 00:47:02,160 Speaker 3: I think you would be a hard. 734 00:47:02,080 --> 00:47:03,359 Speaker 4: No one for us. Absolutely. 735 00:47:03,760 --> 00:47:10,440 Speaker 3: What about grocery giants, Ah, not easy to solve, okay. 736 00:47:11,000 --> 00:47:13,080 Speaker 3: And billionaire space trips. 737 00:47:13,400 --> 00:47:17,000 Speaker 4: Just weird Ego trips is what they are, all right? 738 00:47:17,400 --> 00:47:19,839 Speaker 3: Just for fun? I want to know what is your 739 00:47:20,160 --> 00:47:21,560 Speaker 3: unpopular money opinion? 740 00:47:21,960 --> 00:47:28,400 Speaker 4: My team laugh at me because I always have to 741 00:47:28,560 --> 00:47:33,480 Speaker 4: have at least two hundred dollars cash in my wallet. 742 00:47:33,760 --> 00:47:35,680 Speaker 3: What are you doing with two hundred dollars cash when 743 00:47:35,680 --> 00:47:37,680 Speaker 3: you don't have to go to the supermarket yourself anymore. 744 00:47:37,760 --> 00:47:42,000 Speaker 4: I always you never know when you've got to buy something, 745 00:47:42,200 --> 00:47:45,600 Speaker 4: or your people buy you a coffee or something, you 746 00:47:45,719 --> 00:47:50,560 Speaker 4: can pay them. You need buy a raffle ticket. 747 00:47:51,200 --> 00:47:53,480 Speaker 3: Do you know what this is your money story coming out? 748 00:47:55,400 --> 00:47:59,360 Speaker 4: I absolutely they laugh at me, and you always also have, 749 00:48:00,080 --> 00:48:03,400 Speaker 4: say two hundred dollars. It's not the full truth. The 750 00:48:03,440 --> 00:48:07,200 Speaker 4: full truth is there's always also in my wallet in 751 00:48:07,719 --> 00:48:14,000 Speaker 4: behind the where the cards go and stuff, another fifty dollars. 752 00:48:14,680 --> 00:48:17,640 Speaker 3: So if you stop, you just get me a plastic. 753 00:48:17,760 --> 00:48:19,160 Speaker 3: But I'm coming to your wallet. 754 00:48:19,239 --> 00:48:23,000 Speaker 4: I'm the only person in this office who has cash. 755 00:48:23,239 --> 00:48:24,840 Speaker 3: And if they need cash, who are they coming to? 756 00:48:25,040 --> 00:48:29,120 Speaker 4: They do exactly exactly. I laugh at them and then 757 00:48:29,200 --> 00:48:29,799 Speaker 4: give it to them. 758 00:48:29,960 --> 00:48:34,560 Speaker 3: Now, one very last, incredibly important question for me personally, 759 00:48:34,920 --> 00:48:38,280 Speaker 3: because I know you're a swifty and you're obviously getting married. 760 00:48:38,840 --> 00:48:41,080 Speaker 3: What tips have you got for Taylor now she's engaged. 761 00:48:41,200 --> 00:48:46,120 Speaker 4: Oh well, her engagement has sort of blown hours out 762 00:48:46,160 --> 00:48:49,239 Speaker 4: of the order. Has that she gets fantastic? 763 00:48:49,520 --> 00:48:52,160 Speaker 3: It's very exciting. I just love love, so I just 764 00:48:52,239 --> 00:48:55,600 Speaker 3: want to see people happy and they look. 765 00:48:55,560 --> 00:48:58,920 Speaker 4: So fantastic together, and I just think it's great. 766 00:48:59,640 --> 00:49:02,439 Speaker 3: So what tips are we giving for wedding planning? Any 767 00:49:02,520 --> 00:49:03,200 Speaker 3: frugal ones? 768 00:49:03,560 --> 00:49:07,719 Speaker 4: As someone who got engaged on Valentine's Date last year 769 00:49:07,840 --> 00:49:14,160 Speaker 4: and still has not managed to complete the deed, We're 770 00:49:14,280 --> 00:49:17,560 Speaker 4: just really looking forward to it. I'm focused on me 771 00:49:17,680 --> 00:49:18,719 Speaker 4: and Jody let. 772 00:49:18,680 --> 00:49:20,919 Speaker 3: Alone planning Swifty's wedding. 773 00:49:21,239 --> 00:49:22,920 Speaker 4: I think she'll probably have it covers you. 774 00:49:23,880 --> 00:49:24,880 Speaker 3: Budgets will be different. 775 00:49:25,360 --> 00:49:28,120 Speaker 4: I think the budget will be a little bit different. 776 00:49:28,280 --> 00:49:32,360 Speaker 4: We will probably be zero point zero zero one percent 777 00:49:32,560 --> 00:49:34,920 Speaker 4: of her budget. I feel like that's travison. 778 00:49:35,200 --> 00:49:36,880 Speaker 3: Honestly, what the Australians want to hear. 779 00:49:37,600 --> 00:49:40,560 Speaker 4: I'm not going to lie exactly. No, it will be frugal. 780 00:49:40,840 --> 00:49:43,320 Speaker 3: I love that. Prime Minister, thank you so much for 781 00:49:43,480 --> 00:49:46,920 Speaker 3: joining us in answering mine and my community's questions. I 782 00:49:47,040 --> 00:49:49,480 Speaker 3: have found this to be an absolute privilege. Thank you 783 00:49:49,600 --> 00:49:50,000 Speaker 3: so much. 784 00:49:50,120 --> 00:49:50,680 Speaker 4: Thanks so much. 785 00:49:50,800 --> 00:49:53,279 Speaker 3: That was fun, of course, and to our listeners, if 786 00:49:53,320 --> 00:49:55,359 Speaker 3: you have loved this episode, we would love it if 787 00:49:55,360 --> 00:49:57,279 Speaker 3: you shared it with a friend and make sure that 788 00:49:57,360 --> 00:49:59,840 Speaker 3: you are subscribed so that you never miss an episode. 789 00:50:00,120 --> 00:50:00,440 Speaker 4: Cheers. 790 00:50:05,920 --> 00:50:08,440 Speaker 6: The advice shared on She's on the Money is general 791 00:50:08,520 --> 00:50:12,319 Speaker 6: in nature and does not consider your individual circumstances. She's 792 00:50:12,400 --> 00:50:15,800 Speaker 6: on the Money exists purely for educational purposes and should 793 00:50:15,880 --> 00:50:19,040 Speaker 6: not be relied upon to make an investment or financial decision. 794 00:50:19,440 --> 00:50:21,879 Speaker 6: If you do choose to buy a financial product, read 795 00:50:21,920 --> 00:50:26,040 Speaker 6: the PDS TMD and obtain appropriate financial advice tailored towards 796 00:50:26,080 --> 00:50:29,359 Speaker 6: your needs. Victoria Divine and She's on the Money are 797 00:50:29,440 --> 00:50:31,399 Speaker 6: authorized representatives of money. 798 00:50:31,440 --> 00:50:35,680 Speaker 3: Sheper pty Ltd ABN three two one six four nine 799 00:50:35,840 --> 00:50:39,680 Speaker 3: two seven seven zero eight AFSL four five one two 800 00:50:39,800 --> 00:50:40,319 Speaker 3: eight nine