James Kirby

But either way, it's getting serious.

That's for sure.

So I'm going to cover some budget issues today.

And my guest is perfectly placed to talk about anything

within the budget that pertains to property because it's Nerida Conisby, the chief economist at Ray White, who's been on the show before.

Hi, Nerida.

How are you?

Great to have you on.

It's interesting, folks, we were just talking before the show.

And, you know, in many ways, what looks like unfurling on Budget Day is Bill Shorten's 2016 agenda minus the franking credits changes.

You do wonder if he had left out the franking credit changes, would things have been different?

But I don't think so.

It's 10 years later, Nerida.

It's a different environment, I think, in housing.

Do you think?

And we have also this consistent enduring vacancy rate that's just like zilch.

It's at 1% to 2% in residential property, which means the queues for rentals are longer than the queues for house sales.

And that's been the case for a long time.

We're going to look at this, obviously, from the investor point of view.

But the more you know, obviously, folks, then the stronger you are as an investor and the more informed you are.