Prime Minister Anthony Albanese is on the defence following his latest property purchase.

The Australian leader recently bought a $4.3 million house on the New South Wales Central Coast - near his soon-to-be-wife's hometown.

Australian correspondent Murray Olds says Albanese has copped criticism over this purchase amid an ongoing cost-of-living crisis.

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Prime Minister Anthony Albanese is on the defence following his latest property purchase.
The Australian leader recently bought a $4.3 million house on the New South Wales Central Coast - near his soon-to-be-wife's hometown.
Australian correspondent Murray Olds says Albanese has copped criticism over this purchase amid an ongoing cost-of-living crisis.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Murray Olds: Australian correspondent on Prime Minister Anthony Albanese defending latest $4.3m home purchase

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/aa9e910c-58e3-4f00-8fc4-b20a0045bccb/transcript

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday  8 July.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday 8 July. 
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 08 July 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0ceb7a7c-0103-479a-8821-b4810076b4cd/transcript

People are not moving between jobs as seamlessly as they should in a productive economy, thanks to overly restrictive employment contracts.

This is the conclusion reached by the Organisation for Economic Co-operation and Development (OECD), after a major new study spanning 15 countries including New Zealand.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

People are not moving between jobs as seamlessly as they should in a productive economy, thanks to overly restrictive employment contracts.
This is the conclusion reached by the Organisation for Economic Co-operation and Development (OECD), after a major new study spanning 15 countries including New Zealand.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the concerns raised over NZ employment contracts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5d44c050-b6bd-49d6-abd8-b4810078382d/transcript

The OCR has been increased for the first time in three years, and it's prompted a divided response among experts.

The Monetary Policy Committee's unanimously agreed to raise the cash rate to 2.5 percent.

Milford Asset Management's Remy Wisenberg unpacked the reactions further.

LISTEN ABOVE

The OCR has been increased for the first time in three years, and it's prompted a divided response among experts.
The Monetary Policy Committee's unanimously agreed to raise the cash rate to 2.5 percent.
Milford Asset Management's Remy Wisenberg unpacked the reactions further.
LISTEN ABOVE

Remy Wisenberg: Milford Asset Management expert on whether the markets price in the OCR increase

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/02d8a0ff-6f76-4f5a-b0c8-b48100756092/transcript

Murray Olds: Australian correspondent on Prime Minister Anthony Albanese defending latest $4.3m home purchase

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