Will Hamilton

They just said there wouldn't be any tax increases.

again, you've got to balance risk with return and you don't put all your eggs in one basket, but the government has said, well, the charmers has said he will look at this, but he hasn't said how he will look at it.

And he hasn't announced in any details whatsoever, except that the government will, or treasury, I think he said, we'll look at this.

And so we wait and we need to wait and see, but that is, I think a big issue that, yeah, the incentive to invest and, you know,

Australia has a productivity problem, and one of the ways to get around lower productivity is investment.

And this budget delivers high taxes, no tax reform, no meaningful regulatory reform, and reduced incentives to invest.

And that's what you just touched on.

And we need those four to increase productivity so we can become a wealthier nation.

Accessibility, yeah, I think that's a big thing.

But secondly, these people will just shift.

what they're doing offshore.

So we'll lose the benefit of that here in Australia and the creation of jobs and things like that.

They'll just move it to Asia, to the United States.

On CBA, well, the banks all fell yesterday, but CBA was the worst hit.

I think the big thing is it's a combination of

As you just said, the outlook for housing, but also the outlook for investment properties, which has definitely decreased quite significantly.

And also because there's only one part of the market now that in residential housing that you can gear.

So there'll be again less demand and that affects the largest bank exposed to this.

And that is CBA.

That's a really good thing to bring up because I think that it is a