00:02Their high-stakes budget hot off the presses.
00:05This is our most responsible budget yet.
00:08Responding to global uncertainty and a shifting political landscape at home.
00:13That was why we were elected, was to make a difference, to make tough decisions.
00:17Like lifting taxes on property investors.
00:20The budget to clamp down on the 50% capital gains tax discount and negative gearing.
00:26The Prime Minister ruled out changes a year ago, but now says change is what's needed.
00:32Too many young people are close to giving up on the opportunity of owning their own home.
00:38The Greens have been calling for the abolition of these property investor tax perks for years now.
00:43Building on a series of housing commitments, the government's announced funding to speed up approvals
00:48and help community providers find rentals for youth allowance and ab study recipients.
00:54Jim Chalmers' fifth budget is designed to manage the disruption from the Iran war
00:58while tackling intergenerational inequality.
01:01The Treasurer is seeking to address some of the anger that's leading voters to minor parties like One Nation,
01:08whose thumping victory in the weekend FARA by-election has cemented its status as a federal electoral threat.
01:18Snatching a seat held by the Coalition for nearly 80 years.
01:22I feel vindicated because I've been pillaged and ridiculed and put down and, you know, everything thrown at me.
01:30Hoping for an orange tide at the next election, One Nation opened to supporting the Liberal and National Party's form
01:37minority government.
01:38The feeling is mutual, that's what I say. So we're out there to win votes, we're out there to win
01:43government.
01:44Despite his party's depleted ranks, One Liberals made it clear he has no interest in joining forces with One Nation.
01:51I have never, ever, ever and never, ever, ever will make such a statement in favour of such an alignment.
01:59The conservative side of politics realigned, Labor positioning itself down the centre.
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