Navigating a "Swirling Economy": Westpac CEO Anthony Miller’s Honest Verdict on the Budget, Housing Supply and More

Navigating a "Swirling Economy": Westpac CEO Anthony Miller’s Honest Verdict on the Budget, Housing Supply and More

June 8, 2026 · 35 min

About this episode

Westpac CEO Anthony Miller discusses Australia's economic challenges and opportunities in a candid interview with Sylvia Jeffreys.

Australia is caught in a complicated, fast-moving financial landscape—what Westpac CEO Anthony Miller calls a "swirling economy." In this episode, Sylvia sits down with the leader of one of the nation’s Big Four banks for an unfiltered, data-backed assessment of the country's economic future. Anthony shares his candid perspective on the structural hurdles holding Australia back and the massive opportunities waiting to be unlocked, including: The Budget Verdict & Tax Changes: Why Anthony backs the productivity agenda but argues that Capital Gains Tax (CGT) adjustments need a strict carve-out for small businesses and startups. The $1M Housing Reality Check: The stark math behind Australia’s supply crisis— and how regional development and flexible work play a role. Interest Rates & Consumer Stress: Why Westpac is currently forecasting two more rate rises this year, and how Australian mortgage holders are holding up against the pressure. The Truth About AI & Unemployment: Why Anthony completely rejects the scary predictions of a 15% unemployment rate Skilled Migration & Nation Building: A look at why a precise, evidence-based immigration…

People in this episode

Host: Sylvia Jeffreys

Guest: Anthony Miller

Topics covered

Keywords

Mentioned in this episode

Organizations: Westpac, Big Four, Capital Gains Tax

Places: Australia, regional, Australia’s supply crisis

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