☮ ♥ ♬ 🧑💻<p>Day 22 cont 📻💰💰💰🏡⚠️</p><p>Cont: </p><p>You: Phyllis is the first one, I guess.</p><p>Phyllis: I've broken the mould.<br>PM: Well, you're not ... you're not actually <a href="https://ioc.exchange/tags/complaining" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>complaining</span></a>. What you're really saying is the value of [your] house hasn't gone up enough.</p><p>Phyllis: No, no, no. I disagree. I think it is ridiculous that the <a href="https://ioc.exchange/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inflation</span></a> of house prices ... what about our <a href="https://ioc.exchange/tags/grandchildren" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>grandchildren</span></a>?<br>PM: Well look, that is a valid point and I've acknowledged that. </p><p>I'm not saying there aren't problems for people buying for the first time, but you have to look at it in terms of both <a href="https://ioc.exchange/tags/existing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>existing</span></a> <a href="https://ioc.exchange/tags/HomeOwners" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HomeOwners</span></a> and <a href="https://ioc.exchange/tags/future" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>future</span></a> home owners and what we have to try and do, and you quite rightly identify in relation to your grandchildren, is to find ways of mitigating the <a href="https://ioc.exchange/tags/cost" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cost</span></a> of getting into your first home. </p><p>But we can't, and shouldn't do that at the cost of reducing the wealth effect and the wealth value of people who have existing properties, there's nothing to be gained by that. We have to find some other ways of <a href="https://ioc.exchange/tags/ameliorating" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ameliorating</span></a> the cost of buying your first home.</p><p>Phyllis: I think some commonsense has to be thrown into the arena just the same. You know, it's ridiculous. I mean, *you're not seeing value in the $500,000 you're spending on some broken down old dump* and…</p><p>PM: No, well...<br>Phyllis: That's where we are at the moment.” </p><p><a href="https://ioc.exchange/tags/AusPol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>AusPol</span></a> / <a href="https://ioc.exchange/tags/LNP" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>LNP</span></a> / <a href="https://ioc.exchange/tags/Liberal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Liberal</span></a> / <a href="https://ioc.exchange/tags/Nationals" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Nationals</span></a> / <a href="https://ioc.exchange/tags/Labor" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Labor</span></a> / <a href="https://ioc.exchange/tags/HousingCrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HousingCrisis</span></a> <<a href="https://www.abc.net.au/news/2025-04-20/when-housing-turned-toxic-captured-in-talkback-chat-with-pm/105155458" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">abc.net.au/news/2025-04-20/whe</span><span class="invisible">n-housing-turned-toxic-captured-in-talkback-chat-with-pm/105155458</span></a>> / Original transcript <<a href="https://pmtranscripts.pmc.gov.au/release/transcript-20920" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">pmtranscripts.pmc.gov.au/relea</span><span class="invisible">se/transcript-20920</span></a>></p>