SARAH FERGUSON, HOST: Joining me now is the Prime Minister, Anthony Albanese. Prime Minister, welcome.

ANTHONY ALBANESE, PRIME MINISTER: Good to be with you.

FERGUSON: You said on multiple occasions before the election that you would not touch negative gearing or capital gains. How would you describe those statements now?

PRIME MINISTER: Well, we've changed our position –

FERGUSON: No, how would you describe those statements now?

OLIVER PETERSON, HOST: The Prime Minister, Anthony Albanese, joins you and me on Drive from Parliament House in Canberra. Good afternoon.

ANTHONY ALBANESE, PRIME MINISTER: Good afternoon, Ollie. Good to be with you.

HOST: And the Prime Minister is with us from Canberra. Prime Minister, thank you for your time. Why should our viewers believe what you say to them right now if you're not a man of your word?

HOST: Prime Minister, good morning and thank you so much for joining us.

PRIME MINISTER: Good morning. Great to be with you.

SARAH ABO, HOST: To discuss, Prime Minister Anthony Albanese joins us live now from Canberra. Prime Minister, good morning to you. Has your word ever been your bond?

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?

HOST: Good morning, Albo. 

ANTHONY ALBANESE, PRIME MINISTER: Good morning. 

HOST: Morning Albo. A couple of us have just been knocking off a bit of breakfast. Have you been doing the same.

MEL CLARKE, HOST: Prime Minister, thank you for joining AM this morning.

PRIME MINISTER: Good to be with you, Melissa.

CLARKE: Now, we've just heard about the details of the changes to negative gearing and capital gains and trusts. Do you have a mandate for this, given you ruled it out at the election?

HOST: Someone who knows all about the Budget, he is Anthony Albanese, our Prime Minister and he is on with us this morning. Thank you for choosing our show this morning, Prime Minister.

HOST: You haven't actually turned him on.

HOST: Oh my God. You haven't turned him on. Oh my God.

HOST: Sorry. Are you there?

ANTHONY ALBANESE, PRIME MINISTER: I am here.

HOST: Sorry, Albo.

NAT BARR, HOST: Joining us now is Prime Minister Anthony Albanese. Good morning to you.

ANTHONY ALBANESE, PRIME MINISTER: Good morning, Nat.

BARR: This is being labelled a budget of broken promises. Can Australians still trust the things you say?