Show Notes
Australia’s property market is under increasing pressure.
In this episode of The CEO Breakdown, John Saade looks at rising mortgage arrears, falling property prices, negative equity, slowing listings and the growing pressure facing Australian households.
Some outer suburban areas are now recording mortgage arrears well above the national average, while buyers who entered the market with small deposits are facing the possibility of seeing their equity disappear as prices fall.
John also looks at the growing recession risk, what another potential interest rate rise could mean, why Australia’s serviceability buffer matters, and the impact falling property transactions are already having on mortgage brokers, real estate agents, builders and other businesses connected to the property market.
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This content is general information only and does not constitute financial, tax, accounting, legal, property or business advice. Speak with a qualified adviser about your own circumstances.
#AustralianProperty #MortgageStress #HousePrices #InterestRates #RBA #AustralianEconomy #Recession #LatitudeAccountants
Chapters 00:00 Property, Rates and Business Pressure 03:24 Mortgage Stress Hotspots 05:14 The Refinance Trap 08:44 Sydney and Melbourne Property Freeze 13:48 First Home Buyers Underwater 18:12 Banks, Investors and the 3% Buffer 21:49 What Will the RBA Do Next? 25:27 Australia’s Recession Risk 29:03 The Credit Card Surcharge Mess 36:01 Property Industry Pain 38:51 Is It Time to Leave Australia?
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