Anthony Albanese Finally Confirmed How To Say His Last Name

Alba-nee-zee, Alba-neez, Alba-nay-zee -- which one is the right one? 'Albo' has finally dished on how to pronounce his name.

Anthony Albanese, the long-time member for Grayndler in Sydney's inner-west, joined The Project on Wednesday night.

Just hours after Chris Bowen, his main challenger for the newly-vacant Labor leadership role, dropped out of the race, Albanese hopped in the hot seat for an interview, and was grilled on why the ALP lost the election, why he's the best pick for the top job, and how he would do things differently.

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But first, there was a tricky question to get out of the way.

"How the hell are we meant to say your last name?" Waleed Aly asked with a grin, after The Project showed a mini-montage of politicians and journalists pronouncing Albanese's name different ways.

"In terms of the Italian pronunciation, it's Alba-Nay-Zee," he laughed, inflecting with a European flourish.

"But you don't say spaghetti bolo-nay-zee, do you?" he added.

"I'm not terribly precious about it, which is why Albo is a lot easier. You can't get it wrong."

"It's bolo-nay-zee... it's not hard."

The man himself does refer to himself by 'Alba-neasy", though, further complicating the matter slightly.

It was a question many people had wondered about in recent days, despite Albanese being in politics since 1996.

Labor put in a disappointing showing on Saturday, losing an election many thought was theirs for the taking. Albanese didn't shy away from sharing his assessments.

"We got one in three Australians to vote for us. That's not good enough," he admitted bluntly.

"We were all really disappointed... we let down all those millions of people who rely upon us."

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Albanese said Labor needed to "more clearly explain" how the party would plan to share and create wealth for Australians. The ALP has criticised in the wake of the election for not more simply explaining how their sweeping changes to tax, negative gearing and franking credits would affect average Aussies.

Former leader Shorten has reportedly been pushing for a challenger to stand against Albanese, but he brushed this off.

"Bill will be constructive in the way he conducts himself. He had a tough night on Saturday night, which we all did. I had a chat with him today, we have a good relationship, and I hope that continues into the future," Albanese said.

He talked about "common sense propositions", saying that Labor needed to realign behind principles like "jobs, economic growth, good distribution when it comes to social policy" and balance those against climate change.

"I don't think there's a contradiction between the two things," Albanese said.

"Good policy in terms of sustainability creates jobs."

"We have relatively low economic growth... and people do feel insecure. We need to have a plan and explain the role of government working with the private sector to improve people's security and living standards. That is part of the Labor project."

Labor's shadow treasurer Chris Bowen conceded on Wednesday he isn't the right man for the job this time, paving the way for Albanese to assume the leadership.

Albanese declared his hand early, after being quickly named a likely contender in the wake of Shorten's resignation. He had vied with Shorten in 2013 for the leadership, ending ultimately unsuccessful in his bid, but has stayed on Labor's frontbench ever since.