CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release:

JAMES GLENDAY, HOST: We have just been chatting to the Prime Minister Anthony Albanese as he got mic'ed up and he joins us now. Prime Minister, welcome to News Breakfast.

ANTHONY ALBANESE, PRIME MINISTER: Good morning.

GLENDAY: Look, why now? Why did you decide this was the time to make these changes to property taxes?

PRIME MINISTER: We changed our position over a period of time. We've thrown everything at the housing market. We've had our increased public and social housing through the Housing Australia Future Fund. We've had our Build to Rent scheme to encourage private rentals, we've had our shared equity scheme. But it still wasn't enough t...