Albanese says COP conference would be held in Adelaide if bid successful
Our own Josh Butler asks the PM about Australia’s bid to host the COP climate conference and the criticism from the opposition that it would cost billions of dollars.
Albanese says the bid hasn’t yet been won, but he’s still committed to hosting – and if won, the conference would be held in Adelaide:
It’s a ridiculous statement [from Dutton]. The fact is that holding a COP a climate change conference internationally produces revenue as well. It’s an economic boost for wherever it’s held. We do have the bid in, it will be determined at the climate change conference later this year.
You know, every Pacific leader remembers what my opponent said about water lapping at their doors, and that is our credibility in the region is really important, and that’s why this joint bid overwhelmingly has the support of the Pacific.
Albanese adds that his government has been able to repair Australia’s relationship in the Pacific due to its stronger stance on climate change. Malinauskas says he’s “very grateful” to the PM for Adelaide being picked to potentially host the event.
Key events
Peter Dutton is in Brisbane today, and is standing up with his shadow housing minister Michael Sukkar, to spruik their housing policy.
There’s high vis in the foreground and excavation equipment in the background.
Sukkar is up first, and calls Labor’s housing commitment a “hoax”.
Seeing yesterday’s announcement I think is a bit of a hoax… What genius decides you create more places in a program that has places still unused.
He then calls the Coalition’s policy a “game changer”.
Today’s first home buyer mortgage deductibility providing first home buyers, a couple on average wages, $55,000 to put towards mortgage we think is an absolute game changer for first home buyers.
Just a reminder – experts including economist Saul Eslake have been extremely critical of the policy. He told ABC TV a little earlier that the policy would, “supercharge housing prices so in that sense it will actually make the problem of housing affordability worse.”
He also told the ABC he has concerns about Labor’s policy but “they are not as big as the concerns I have about the Coalition’s policy”.
If you wanted to relive that moment where Tanya Plibersek and Albanese very awkwardly greeted each other at the rally yesterday… you can do so here:
I’ve already watched it a handful of times and I can’t stop.
ASX rises in calm opening after chaotic period
Jonathan Barrett
Australian shares have rebounded in early trading this morning, rising just over half a percentage point after more components of Donald Trump’s tariff regime were wound back.
The benchmark S&P/ASX 200 rose 0.7% to the 7,700 point level in the opening hour of trading, rising in response to the US decision to exclude imports of smartphones and laptops from new tariffs.
Investors have had to contend with wild swings triggered by changes to the US trade policies, with share prices pushed around by extreme bouts of relief and fear.
Australia is still subject to the US’ “baseline” 10% tariff, and the benchmark is trading below where it was before details of the new tariffs were released late on 2 April in Washington.
There has also been no let up in the tariff battle between the US and China.
Chris Weston, the head of research at Melbourne-based financial firm Pepperstone, said on Monday that after a period of chaotic price action, “chinks of light poke through the forest canopy” which may see a relative calm return to markets.
The Australian dollar has rocketed ever since Trump started to back down on some of the more extreme elements of the tariff regime. It was trading above US63c on Monday, after threatening to plunge below the US59c barrier last week.
Cait Kelly
Activists say Labor and Liberal housing policies fall short of what is needed to solve deepening crisis
Everybody’s Home has called on the major parties to present more ambitious housing policies to Australians ahead of the election, warning that the announcements fall short of what is needed to end the country’s deepening crisis.
Everybody’s Home spokesperson Maiy Azize said:
The promises made by the major parties [falls] well short of what’s needed to address the housing crisis – in fact, some elements could make it even worse.
The Coalition’s proposal to allow mortgage payments to be tax deductible for first home buyers is a form of negative gearing for non-investors, a move that will give more help to people on high incomes and could push home prices even higher. To make housing more affordable, we need to get rid of tax breaks when it comes to property, not create more.
Labor’s home deposit support for first-home buyers will also add to demand. Building 100,000 homes is a good step, but they aren’t guaranteed to be affordable. Australia doesn’t just need new homes, we need homes that people can actually afford.
To turn the housing crisis around, the next federal government must invest significantly in building more social housing; low-cost rentals that are guaranteed to be affordable and won’t drive up demand and house prices. We have a social housing shortfall of 640,000 homes in this country and it’s growing.
Albanese praises SA premiere Malinauskas as city pitches itself to host climate conference
Adelaide’s bid to host the COP climate conference hasn’t come out of nowhere – premier Peter Malinauskas came to Canberra late last year to put his state at the front of the queue to host.
Earlier, during his press conference, Albanese was singing Adelaide and Malinauskas’ praises:
He [Malinauskas] is putting Adelaide on the map as a global city … And one of the things that a climate change conference would do is showcase this beautiful city of Adelaide to the entire world.
And when you look at the work that the premier is doing in renewables, leading Australia as South Australia [as he] has for a long period of time, then I can’t think of anywhere better than South Australia.
Josh Butler
Albanese visits food services not-for-profit in Adelaide’s Sturt electorate
Anthony Albanese is now in the Adelaide electorate of Sturt, held by the Liberals, and a major Labor target. He’s visiting Nonna’s Cucina, a local non-for-profit making meals for the elderly and those with disabilities.
Labor is pledging $95,000 to the enterprise in an election promise.
Nonna’s boasts 100 volunteers who make over 56,000 meals each year. Albanese is meeting workers making meals in the kitchen.
What happened yesterday on the campaign trail?
Following the morning rush (and before Peter Dutton stands up for his presser today), let’s jump back for a moment to what actually went down at the major party launches yesterday.
We’ve got you covered on what we learned from Albanese and Dutton’s speeches yesterday – the sort of vision they have for the next parliamentary term, as well as what those housing policies actually mean and what impact they’ll have.
Here was Albo’s speech:
Here was Dutton’s:
And here’s a full deep dive on their housing promises:
Tax reform questions raised as both parties push costly ‘sugar hit’ policies
The structural tax reform question is challenging both parties, who have accused each other of just putting forward “sugar hit” policies over the weekend.
While Labor’s tax cuts permanently lower one of the tax brackets, both Labor and Liberal promised over the weekend more temporary cost of living relief for households. The Coalition meanwhile announced a one-off tax refund for low and middle income earners.
Over on Sky News, Laura Jayes asks the Nationals leader, David Littleproud, when the Coalition will look at actual structural reform and tackle bracket creep.
Well, when we can afford it. But the here and now problem is the human toll that …
Jayes interjects, pointing out there are deficits forecast for the next decade. Littleproud won’t answer, and turns back to the temporary fuel excise cut that the Coalition has promised to implement immediately if they win government.
Albanese lists non-US foreign policy qualifications as Trump situation looms
We can’t escape another question on the Trump situation and what Australia is going to do about it.
Albanese says we “live in an era of strategic competition” but the government has been able to fix relations with China (see the new pandas from China in Adelaide) and is building closer relations with other global players.
He says he’s spoken to wine growers outside Adelaide who are exporting more premium wines to China. Albanese adds:
We’ve also restored our relationship with Asean, our relationship with the Pacific is really important … Our relationship with Indonesia has never been stronger. And of course, our relationship with India … We can build on that relationship even more.
Albanese says COP conference would be held in Adelaide if bid successful
Our own Josh Butler asks the PM about Australia’s bid to host the COP climate conference and the criticism from the opposition that it would cost billions of dollars.
Albanese says the bid hasn’t yet been won, but he’s still committed to hosting – and if won, the conference would be held in Adelaide:
It’s a ridiculous statement [from Dutton]. The fact is that holding a COP a climate change conference internationally produces revenue as well. It’s an economic boost for wherever it’s held. We do have the bid in, it will be determined at the climate change conference later this year.
You know, every Pacific leader remembers what my opponent said about water lapping at their doors, and that is our credibility in the region is really important, and that’s why this joint bid overwhelmingly has the support of the Pacific.
Albanese adds that his government has been able to repair Australia’s relationship in the Pacific due to its stronger stance on climate change. Malinauskas says he’s “very grateful” to the PM for Adelaide being picked to potentially host the event.
Albanese and Plibersek: ‘we’re good mates’
The PM is asked about … that … moment at the Labor launch yesterday when he blocked a hug and kiss from Tanya Plibersek, and whether he’ll keep her in the environment portfolio for another three years.
Albanese says the pair are “good mates”.
You know what … Tanya Plibersek has been a friend of mine for a long period of time. We live in neighbouring seats. We’re good mates, and she’s doing a fantastic job.
The pair have had more than one awkward moment recently, most notably when Albanese helped to tank a deal Plibersek had struck with the Greens and independent senator David Pocock to pass Labor’s legislation for a new environmental protection agency. Albanese has since promised that if Labor gets in again, he’ll put a new EPA on the table.
PM concedes more needs to be done on accomodation for women escaping domestic violence
Albanese is asked about the need for more emergency accommodation for women escaping domestic violence. The PM says this shortage is addressed by the housing Australia future fund, but concedes more needs to be done:
The housing Australia future fund … a portion of that housing was about emergency accommodation for women and children escaping domestic violence. That was something that we pointed out when the Greens and the Liberals and the Nationals in the Senate held it up for month after month after month after month.
We know that there is more needed to be done.
What about other families and households who own a home but need more support to move – perhaps into a bigger home for their growing family? Albanese says there are several programs to fix housing affordability.
If you increase supply, you assist everyone, because you have an impact on affordability and so across the board, whether it’s the housing Australia future fund, the social housing accelerator… So across the board, we know that supply is the key. Only Labor is looking at supply as well as demand.
Albanese pressed on why voters should believe promises on new housing
Albanese says home building “is happening” when challenged on why voters would believe the government can build 100,000 extra homes for first home buyers, on top of the 1.2m homes promised by Labor over five years.
The Coalition has been at pains to point out that no new homes have been built so far: the government has taken some other newly built homes or homes that were already being built and made them available for social and affordable housing.
Albanese says the townhouses being built behind him shows the plan will work:
They can see behind us. This is what it looks like. This isn’t theoretical. This is happening right now behind us.
On the critics of the plan like economist Chris Richardson: Albanese says Richardson should come and see the construction projects in Adelaide – and reiterates that Labor’s plan will boost housing supply.
Malinauskas: ‘We need more homes in South Australia’
SA Premier Peter Malinauskas speaks next, another very popular Labor leader in the state.
He says the policies announced yesterday will help more housing projects come online.
We need more homes in South Australia, and we need them as quickly as we can possibly build them.
I’m very grateful for the announcement that was made yesterday by the prime minister. It’ll allow developments exactly like the one that you see here be bought online more quickly in the places where it matters most.
The housing minister, Clare O’Neil, says the Coalition’s policy will force taxpayers to subsidise home owners’ mortgages and won’t build new supply. She also takes a stab at the Coalition’s plan to allow first home buyers to access their superannuation to pay for a deposit:
It is going to make the intergenerational inequity problems that we are concerned about so much worse. What Peter Dutton wants to facilitate is for young people around the country to ransack their retirements.
Albanese says Labor’s housing policy will make ‘significance difference to increasing supply’
Anthony Albanese is up this morning in Adelaide, spruiking his housing policy announced yesterday.
He’s with the SA premier and a suite of Labor MPs and frontbenchers. For good measure, he’s at a new housing development in Adelaide, where he says 100 new townhouses are being built.
These two policies will make a significant difference to increasing supply, but also importantly to getting first home buyers, and particularly young Australians, into their first home. We’re going to work with state and industry partners to identify projects like this one here.
Albanese also says the new policies, including the increase to tax deductions without receipts to $1,000 will “simplify” the tax system.
Taylor insists Liberal budget position will be ‘stronger than Labors’ and promises costings before election
Going back to Angus Taylor on RN Breakfast for a moment, he was asked: has his party has abandoned fiscal responsibility to chase votes?
Neither party has really outlined how exactly they’ll be paying for these major new commitments, worth billions of dollars, announced over the weekend. Taylor denies that and insists their budget position will be better than Labor’s.
Absolutely not. Look, we’ve opposed over $100bn of Labor spending that we think, at a time like this, is wasteful …
We will come out with our costings before the election… our budget position will be stronger than Labor’s.
Josh Butler
Albanese to visit Adelaide this morning to promote housing promises
Anthony Albanese will visit a housing estate in Adelaide this morning, to spruik Labor’s campaign launch housing promises.
This development, which is part of the government’s Housing Australia Future Fund program, features 100 homes – including 40 set aside for first homebuyers. Labor had pointed to this model as an example of how its pledge to build 100,000 homes specifically for first homebuyers could work.
Albanese will be joined by the foreign minister, Penny Wong, the South Australian premier, Peter Malinauskas, the housing minister, Clare O’Neil, and several local Labor members.
He’ll do a tour of the site and a press conference shortly. Labor is buoyed by the overnight Newspoll which shows Albanese in an election-winning position.
Paterson on neo-Nazi protesters: ‘nothing patriotic about worshipping failed foreign regime of one of history’s greatest losers’
Paterson is also asked about neo-Nazis protesting outside his office over the weekend. He says if they were there to intimidate him, it’s “not going to work”.
If it was to intimidate, it’s not going to work on me… I particularly resent the attempt by these people to portray themselves as patriots. There is nothing patriotic about worshipping a failed foreign regime of one of history’s greatest losers.
Paterson says he will “always stand against” nazism.
