Kos Samaras

Contrary to the narrative that has been put out to the last week, they're not all tech bros.

They don't have shares.

Millennial entrepreneurs.

That's right.

The mass majority of them belong to that renter cohort, particularly in Sydney, Melbourne, and now increasingly in cities like Brisbane and Perth and Adelaide.

They are overwhelmingly people with no political power, no asset power, no financial power.

And they want someone to go into bat for them.

And hence, so far, I think that the Labor government took that positive step forward.

They need to do a lot more.

And more importantly, I think that the political fallout from this budget is going to be pretty minimal.

So what we're seeing is that Newspoll's One Nation vote bounces around a lot, and so does ours, whenever we publish numbers, because we are living through a transitional period.

We are seeing a complete restructure of the centre-right of politics.

That's going through a process now where people will move from one position to the next over time, but it will eventually settle to around what we're seeing where One Nation will probably be sitting in the high 20s.

And the coalition on a good day will break 20.

Yeah, that's right.

And really, it's also for them being the Labor government and the Labor camp, carefully observing who is their constituency.

And the budget was pretty clear.

And it was pitching a very strong narrative to that constituency.

If you look at what is propping up Labor's vote and their seats, we still predict the Albanese government to be re-elected, as it stands right now.

Could change, but as it stands right now.