Karl Weekly: Housing, Taxes, One Nation & The Future Of Australia
5/27/20261 hr 4 min
Go to the Leith van Onselen interview: 0:05:35
Go to the Fred Schebesta interview: 0:25:39
Go to the Peter Malinauskas interview: 0:36:00
Australia’s biggest political and economic debate just exploded.
This week on Karl Weekly, Karl sits down with economist Leith van Onselen, Finder founder Fred Schebesta and SA Premier Peter Malinauskas to unpack the government’s controversial changes to capital gains tax, negative gearing and small business policy.
Will Australia face its biggest housing correction in 40 years? Are startups and entrepreneurs preparing to leave the country? Why are small business owners furious? And how did One Nation suddenly surge ahead of the Liberal Party in parts of Australia?
From housing affordability and migration to youth unemployment and the future of aspiration in Australia – this is one of the most explosive Karl Weekly episodes yet.
Clips
Transcript preview
First 90 secondsKarl Stefanovic· Host0:00
[upbeat music] Welcome, everyone. Lots coming up on the show today. Well, is the great Australian dream dead? Aussies about to buy a house have written in saying their hard-earned deposit money is now useless. Economist Leith van Onselen explains.
Leith van Onselen· Guest0:18
I think the floor is coming out of the housing market. We're bracing for the biggest housing correction in at least 40 years.
Karl Stefanovic· Host0:24
Crypto king Fred Schebesta is in the house. He's the ultimate Aussie success story, building success from Bitcoin. But his message to young entrepreneurs: leave the country now.
Fred Schebesta· Guest0:36
Why would I build a company in this country when I can leave, go across the pond to New Zealand, go to Singapore, or even go to America where they cap capital gains at 23.8% and also they have 0% for the first 10 million in gain?
Karl Stefanovic· Host0:52
And South Australian Premier Peter Malinauskas joins us as they wait for what's coming next. When did you find out about the government's budget changes to CGT and negative gearing?
Peter Malinauskas· Guest1:04
Oh, the same time- Everyone else did ... most Australians did, yeah.
Karl Stefanovic· Host1:06
All that is coming up on the Karl Stefanovic Show. It's good to have your company. Okay, first up today, in case you missed it, and look, you probably did, ABC's Media Watch did a story on us Monday night focusing on our interview with Charlie Teo. Check it out.
Speaker 5· Soundbite1:23
Also boosting Teo's campaign to have his full operating privileges restored, a Channel 9 anchor