@@daniellurkin "its not the banks" hahah ok... RBA...sets the interest rate... banks pay politicians to influence policy which impacts the RBA... of course the banks are culpable.
No marriage no kids. Stay at you parents house. If you have parents you lucky. ..Work … little…save money holiday in Thailand. Do not become slave to the banks.
what happens when the parents die? capital gains....cant pay that. mortgage... default... mates father died yesterday. 90... turned his phone off today. already being hounded by real estate agents and "health services" trying to get the property sold and the mother tied up in a nursing home... and what about the aunt living there too?
@@xyzxyz4575 yeah, i wouldnt mind spending me old age racing rice tractors! no racetracks around here anymore... even eastern creek is destined fro the chop now. last time i saw bathurst they had filled it with housing... how long until they start crying about the "dangerous event" that was the reason those properties seemed so attractive in the first place?
Extremely situational- many would argue; Why should your parents be responsible for your accommodation? They’ve done their part let them get their lives back! Grow up
Liberals went into power with 200 billion in debt, and doubled that within two years. 9 years later were 980 billion in debt when they hand over. Seems like we have plenty to blame them for.
Unfortunately most people still think it's all a conspiracy. Most people don't care untill it effects them . Been warning people for 18 years of what's to come 😂😂
@@davidmckeown6313 Yes I agree. It's amazing how many people or zombies are still wearing those fake masks 😷, the absolute stupidity just astounds me. They sit in front of their Tell lie vision and lap it all up. Their whole existence in life is to be told what to do. I say they've handed their brain to the corporate Government so they don't have to make a decision for themselves. My God It's frustrating. These people will drag us all down with them into the black hole. Like a drowning person will drown their rescuer. 🤪🤦♂️. I refused to have that crap put into me and was told to leave my job after 37.5 years of loyal service, your just a number on a spread sheet. The union abandoned me too, they're all in on the poison to kill off millions of people. The criminals are in charge of this prison planet. 🤬 God help us all.
We have already entered into the BIGGEST Economic and Social collapse in recorded History. IT IS GOING TO BE UGLY.... There will be blood in the streets.. Soon there will be a run on the Banks and there will NOT BE A WARNING.. You will wake up one morning and go to the hole in the wall and you will be limited to $50 a day... And there will be a "withdrawal stall" on your savings... IF you do in fact have any saving..(which most of you DO NOT HAVE these days) Start selling your toys peeps while there is still a few Dollars around out there in the real world.. Oh and umm start storing food... SHORTAGES SHORTAGES SHORTAGES......... HAVE ALREADY BEGUN....
The thing that's the biggest sadness is that if you're Australian citizen and you have been born here and you've lived to the age that you can legally buy a house it's out of your range. It's really sad that a lot of the foreigners always is getting the houses and combine them because their currencies different when they change it to Australian currency. The thing that pisses me off the most is the government is quite happy to sell the land to foreign countries. Letting people from foreign countries come here just to visit and buy a house hair especially that they don't even live here. Oh but the government says it's investors. What about the people that literally lived here they call this country home and born here we should have more of a rights to own a home here instead of somebody that doesn't even class this is their home or even within this country.
America is going through the same thing. Look…if you work then there should be no struggling. If you work then that should be suffice to own a house and feed your children.
That should be the case, yet it isn't. I know families with two working parents, no vices who struggle hard, after the essential bills are paid there's nothing left over for savings, vacations, recreation and entertainment This shouldn't be the case.
Why? Doesn't it depend on the value add you provide to your employer? Know your worth. If it is low, then why would you expect to own a house or even be able to afford a rental in the place you want to reside?
Strange that after the Covid thd prices of houses and cost of living went up or double in most home Prices. Its all designed that way by the top people to make money.
We have essentially experienced about 40 years of decreasing rates. Expect about 40 years now of increasing rates. Remember also, the past few years we have had extraordinary low rates compared to average. If people borrowed heavily based on the assumption of on going low rates, that is on them! We need at least another two rate rises in the short term to bring inflation under control. If we don't... you think times are tough now.?!
Albanese does what he is told to do..... All Australian Prime ministers do.. They always have... They always will.... Try using the internet for more than Fakebook Twits and INSTApersonalGRAMification... You have the largest Library in the world in the palm of your hand... USE IT.. research "something.." anything for that matter... We have entered into the biggest economic and social collapse in recorded History... and you are going to get caught with no Oil in your lamp.... now get to it.. research research research... I cannot help you any further.
RBA will take into account a few mortgage holder struggling, at the expense of a whole class of people struggling. Thank you RBA. Corruption at the best.
I've been living in a car for two and a half years and saving a home deposit while working - but no-one, nobody, ever has bothered to ask if I'm okay, if I need any help, that they have a driveway that I could park my car in overnight. Australia used to be a caring country, compassion and humility, now it's just those who have, and those who don't. Zero sympathy for the mortgage holders out there as they always looked down on me "why don't you live in a house, you must have a substance abuse problem or dangerous to be having to live out here".
Don’t blame everyone else because you would rather hide your money away and play the victim . Rent a house like everyone else , you chose to live in a car
1- banks print a shit load of money 2- that money eventually goes to asset classes, mostly property 3- gov brings in a shit load of foreign migrants 4- people blame foreigners and lack of accommodation for silly house prices. bank is safe, everyone is looking to the other direction.
Already sold my house as I’d rather rent and have the cash in the account than deal with being unable to do anything but survive the debt spiral at the moment.
@@ardshielcomplex8917 do your research we live under a false CORPERATE CONSTITUTION since 1973 thanks to WHITLAM he sold us out to the United nations changed our true Constitution without knowledge or consent of the people of Australia and every politician knowing swears there elleagence to the corperation all corrupt and treasonous
We have already entered into the BIGGEST Economic and Social collapse in recorded History. IT IS GOING TO BE UGLY.... There will be blood in the streets.. Soon there will be a run on the Banks and there will NOT BE A WARNING.. You will wake up one morning and go to the hole in the wall and you will be limited to $50 a day... And there will be a "withdrawal stall" on your savings... IF you do in fact have any saving..(which most of you DO NOT HAVE these days) Start selling your toys peeps while there is still a few Dollars around out there in the real world.. Oh and umm start storing food... SHORTAGES SHORTAGES SHORTAGES......... HAVE ALREADY BEGUN....
The RBA and money printing is the biggest problem for our economy, we need to abolish the RBA, and go to a fixed money supply that's ideally not controlled by government.
I had a bank manager who was Vietnamese. He told me that Aussies borrowed the maximum of money, when they could have borrowed less. It is interesting that gambling, sport and other pursuits are doing quite well.
Aussies really struggling whilst pushing Perth house prices up 21% over the last year, and pushing Brisbane house prices up 16%. Sort of doesn't add up...
All the kiwis coming over because it's cheaper housing, cheaper living food , gas. Even mortgage rates are cheaper in Australia than NZ Plus higher wages. Kiwis feeling like they won the lottery.
We have got ourselves in a real pickle. If housing prices drop back to where they should be it hurts. If it doesnt it hurts. Greed, gutless leaders and short sightedness has got us here.
Liberals went into power with 200 billion in debt, and doubled that within two years. 9 years later were 980 billion in debt when they hand over. Seems like we have plenty to blame them for.
@@joebloggs24 There is a saying in Malaysia…..a little a day and eventually it will become a hill. Off course it is tough. Spending monies is a breeze…..saving monies is like ploughing a field !!!!!
@@haythamalkhatib5051 Sydney and Melbourne was voted in the top 10 most livable city in the world. There are loads of people in the world who wants to live in Sydney and they will pay top dollar. Any Sydneysider can opt out …..they can live elsewhere. Supply and demand will keep the ball rolling. You say expensive ……someone else say decent value. Go to Plymouth in UK…..houses are dirt cheap because it is an old historical town that few wants to live in. You pay premium prices for premium product. Or go to Detroit in USA …..dirt cheap as well.
@@Poputnyk yep 👍 Having no kids is awesome Got a house, got holidays wherever whenever I want… never worried about job loss during Covid as I own the company Life is awesome 🤩 without kids Best choice I made 😎👍
@@Poputnyk IF you have no children by choice, you are sowing the seeds of our destruction. Muslim women often don't get a say in it, so they are breeding at rather more than twice the average for Australian women. Think about what they means in a few generations.
Good. Houses should not go up like crazy as they are. It is not sustainable. Specifically when salaries are not going up. People should choose better their governors and stop paying ridiculous prices for houses. This is artificially built. I remember in COVID when the border closed the rents were very cheap, I inevitably the housing prices were too.
You bought it.... you PAY for it. That's the problem when you let it millions of immigrants to speculate in your Real Estate market..... they take the profits and leave behind the DEBT.
Actually 30 years.That though is not the whole story.Many Americans are doing it tough,& have had to releverage their loans;& at a much higher new mortgage price. Like us,& many other places in the world people are in dire straights. losing their jobs,& homes. At least though their house prices are much more sensible unlike ours which are totally absurd.
😮...I"ll try again despitefinishing my comment,as something wrong with this comment section ..Americans are doing it tough they have had to refinance their mortgages & at a new higher rate.Many in America,other places,& here are in dire straights,with people losing their jobs & homes.At least though in America the house prices are sensibly priced,not absurd like here.
This is why Australia’s rates are lower than the rest of world. They know mortgage holders won’t be able to survive at higher rates. They are trying to keep the majority solvent to avoid a default collapse, whilst inflation runs rampant.
Most people only have themselves to blame. They buy the biggest McMansion that the bank will lend them money for rather than a modest home that they can easily afford.
I'm thinking it's not the mortgage that's the problem but all the add-ons. Takeaway meals, the boat, the caravan, the jet ski, multiple subscriptions, the new car, the holiday, new clothes, new furniture, credit card repayments, running up energy bills, cry me a river.
Dont blame the gov, blame yourself, blame the banks for lending out money people cant afford to pay back. Inflation is high rates are going to be high get over it, its the recession we need coming to reset!
Many finance analysts are talking about a huge amount of people being convinced by the banks to actually sell up before they technically even fall under the statistics of being in default or arears or in "Stress"- so on the stats these people just look like a regular house sale. So technically the banks fudging the numbers. Many banks are saying most "households are fine on our books, default rates are actually okay in many places" But it's not the whole picture. Many banks are also moving people to interest only as well. We personally had a call from our bank last year asking if we felt our finances are in good shape- they are being very very careful to protect the narrative that all is well.
You can honestly expect interest rates to go over 10% easy there is going to be a market correction in housing and equities. A lot of the top investors are just holding their cash in short term treasury bonds. Recession or even depression is on its way. Hope I’m wrong but all the signs point to it.
@@Prognosis__yeh.. was on my way back to the ute and the clients daughter just got home so the dog was there to greet her. Then it saw me 🤣 I was like ooooft! 😮 lucky it didn’t get my nuts🤣
You will find a lot of them have extended themselves beyond their means during the good times and now are expecting tge government to bail them out. They are probably still going on expensive holidays, have a new car in garage and ordering food on the delivery apps! They just need to pull their head in on their spending!
It's terrible, isn't it. Who would have thought that interest rates only rising 3.5% would have had such an impact. You have to question the banks business ethics for lending people money who can not service the loan
@testicool1013.I agree people sitting at home during covid & getting paid to do so was disastrous for the Treasury coffers. Disastrous for the businesses crying out for workers - but still had to pay the rent.Disastrous for our Countries economy.Then again though, this has been going on since 1972,when a lot of people opted out & went on the dole... Whole generations of them! Unheard of during the Great Depresson,& WW War 11. People would be ashamed to take money for nothing.How things change.How did we get to this ?This Camelot of a lifestyle cost big $$ to Govts .We have had the lowest productivity in 60 years; those stats came out this year. Thats one big factor. Then house prices should never have doubled & tripled during covid; & oftentimes for shacks!Then too the Dept of Housing raised land values outrageously,& poor pensioners carn't pay their rates!!? Our house prices have the dbious honour of being now the highest in the world & absolutely absurd.Then the phoney promise of no % rises til 24- straight after America lifted theirs?! Then what? 13 sudden crippling % rate rises in a row..?!? Now,people are losing their homes ,& businesses are going to the wall. Where was the foresight with all of this?All the marker's are there with all this debt with Govts,& people for something far worse than "29".What will the Govt & the ATO do to reclaim all this lost revenue from fallen businesses,& more people having no where to call home?
People who can work from home should move to Bali for while. Instantly lower cost of living by 4x! It's a win win for all. I think government should encourage digital nomad with tax cuts.
Just be happy you have a house, bed, fridge and electricity. When you hop into your nice warm bed tonight I want you to remember that RUclips person who told you that they drive past a guy every morning in 3 degree weather who is sleeping in a bus shelter. We are all super lucky, we just don’t appreciate it.
It will be 5/5 very soon they know there finished better off buying a motor home so there not homeless and then keep calm refind themselves and there priorities and then build back from there not all is lost
That woman talking about banks being 'kind' and 'understanding' is laughable. They're here to take your money, you signed a contract.
Exactly correct.
It's not the banks....it's the interest rate not controlled by them.
@@daniellurkin "its not the banks" hahah ok... RBA...sets the interest rate... banks pay politicians to influence policy which impacts the RBA... of course the banks are culpable.
RBA Reserve Bank Australia... ie: A Bank.
@@peterRobinson10101reserve bank
Thanks Albanese .
Paying your GG $ 750,000 while we Aussies live on the streets 😢
Hi my darling 🥰😘
Is that you on Canterbury Rd selling yourself? Bob smith a client? 🤣🤣🤣
Collect your 50 cents Zhao! 😂 Hope it's extra cold in the shelter tonight! 😘
@@larrylongprong5219 meeeow
@@larrylongprong5219missing Bob Smith mate?
No marriage no kids. Stay at you parents house. If you have parents you lucky. ..Work … little…save money holiday in Thailand. Do not become slave to the banks.
what happen in Thailand stays in Thailand, dont bring to Australia!
what happens when the parents die? capital gains....cant pay that. mortgage... default...
mates father died yesterday. 90... turned his phone off today. already being hounded by real estate agents and "health services" trying to get the property sold and the mother tied up in a nursing home... and what about the aunt living there too?
@@paradiselost9946 sell the property, and off to Thailand!
@@xyzxyz4575 yeah, i wouldnt mind spending me old age racing rice tractors!
no racetracks around here anymore... even eastern creek is destined fro the chop now. last time i saw bathurst they had filled it with housing... how long until they start crying about the "dangerous event" that was the reason those properties seemed so attractive in the first place?
Extremely situational- many would argue; Why should your parents be responsible for your accommodation? They’ve done their part let them get their lives back! Grow up
The WEF has been more successful than we could all imagine
Many wont believe
Most people have’s got a clue what you are talking about. They are a Asleep 💤
@@purebloodnordicroamer7955 snooring at the wheel
and we are asleep at the wheel
Albo is the most useless PM in Australian History 🤣🤣
Not really…
@@larrylongprong5219Your mate thinks So😂🌋
@@whiskeygamer9402 does he just? 🤣🤣🤣
And Gillard is happy that she no longer holds that title
@@larrylongprong5219no he is the worst prime minister, he clearly isn’t in control of anything
Sack the P.M and the new Gov. General !!!
Oh yeah that's really going to work. Lol😂
Labor voters struggling too ??? Yes ?? Then you brought it on yourself.
Liberals went into power with 200 billion in debt, and doubled that within two years. 9 years later were 980 billion in debt when they hand over.
Seems like we have plenty to blame them for.
True but liberals are the same
it doesnt matter who you vote for. voting does nothing.
But Labor voters blame previous governments for everything just like Albo does
Polititans received their 3rd tax free pay increase.
For what may I ask?
To put towards their next investment property of course..
😂…100
The goverment doesn’t give a crap , they keep giving themselves pay rises
How did Aust come to this? Greed.
Spot on, glad I'm not the only one saying this
Remember Classless Shwabb said "You'll own nothing and be happy". Because if you let him, he'll own you. "Eat zee bugs"!
Gauze Swab.
Unfortunately most people still think it's all a conspiracy. Most people don't care untill it effects them . Been warning people for 18 years of what's to come 😂😂
@@davidmckeown6313 Yes I agree. It's amazing how many people or zombies are still wearing those fake masks 😷, the absolute stupidity just astounds me. They sit in front of their Tell lie vision and lap it all up. Their whole existence in life is to be told what to do. I say they've handed their brain to the corporate Government so they don't have to make a decision for themselves. My God It's frustrating. These people will drag us all down with them into the black hole. Like a drowning person will drown their rescuer. 🤪🤦♂️. I refused to have that crap put into me and was told to leave my job after 37.5 years of loyal service, your just a number on a spread sheet. The union abandoned me too, they're all in on the poison to kill off millions of people. The criminals are in charge of this prison planet. 🤬 God help us all.
I know it’s sad 😢 o have friends in Canada 🇨🇦 🇺🇸 and Europe all struggling.
But they still don’t know who the wef and Davos is!
@@HARDESHMAHAL That's right they're still sitting in front of that Tell lie vision.
Mass homelessness on the way
theres going to be no food... no petrol... homelessness is the least of the worries...
We have already entered into the BIGGEST Economic and Social collapse in recorded History. IT IS GOING TO BE UGLY.... There will be blood in the streets.. Soon there will be a run on the Banks and there will NOT BE A WARNING.. You will wake up one morning and go to the hole in the wall and you will be limited to $50 a day... And there will be a "withdrawal stall" on your savings... IF you do in fact have any saving..(which most of you DO NOT HAVE these days) Start selling your toys peeps while there is still a few Dollars around out there in the real world.. Oh and umm start storing food... SHORTAGES SHORTAGES SHORTAGES......... HAVE ALREADY BEGUN....
@@paradiselost9946 😫
In every country in EVERY city everywhere...
@@ChristIsKING_John11 😫
Immigration, immigration.
Keeps the Ponzi going
The thing that's the biggest sadness is that if you're Australian citizen and you have been born here and you've lived to the age that you can legally buy a house it's out of your range. It's really sad that a lot of the foreigners always is getting the houses and combine them because their currencies different when they change it to Australian currency. The thing that pisses me off the most is the government is quite happy to sell the land to foreign countries. Letting people from foreign countries come here just to visit and buy a house hair especially that they don't even live here. Oh but the government says it's investors. What about the people that literally lived here they call this country home and born here we should have more of a rights to own a home here instead of somebody that doesn't even class this is their home or even within this country.
If i lose my house, the local polly losing his
America is going through the same thing. Look…if you work then there should be no struggling. If you work then that should be suffice to own a house and feed your children.
That should be the case, yet it isn't. I know families with two working parents, no vices who struggle hard, after the essential bills are paid there's nothing left over for savings, vacations, recreation and entertainment This shouldn't be the case.
CAN'T WORK WITH INTEREST SLAVERY!
@@robertocolon5811 I N T E R E S T S L A V E R Y
Wages way to low
Why? Doesn't it depend on the value add you provide to your employer? Know your worth. If it is low, then why would you expect to own a house or even be able to afford a rental in the place you want to reside?
Strange that after the Covid thd prices of houses and cost of living went up or double in most home
Prices. Its all designed that way by the top people to make money.
It's called inflation, and it's an unnecessary evil created by central banks to rob you blind.
Your not saying Covud might have been deliberately 😂
It's inflation caused by the central banks, and it is an insidious hidden tax which robs you blind.
It’s the people’s fault that took the jab. We are still paying the reserve bank of for the Covid loans. Hence high interest rates.
We have essentially experienced about 40 years of decreasing rates. Expect about 40 years now of increasing rates. Remember also, the past few years we have had extraordinary low rates compared to average. If people borrowed heavily based on the assumption of on going low rates, that is on them! We need at least another two rate rises in the short term to bring inflation under control. If we don't... you think times are tough now.?!
Wages haave to match else everything collapses
RBA has no idea.
Not the RBA's fault that the liberals spent 900 billion dollars on nothing.
Central banks created this mess, and if you think not you don't understand the evils of central banking.
Actually they do.
Actually, it's the government that has no idea...
The RBA, along with all central banks globally, have been instrumental in causing both the inflation and deflationary depression.
We were warned... it was never going to be easy under albanese
Albanese does what he is told to do..... All Australian Prime ministers do.. They always have... They always will....
Try using the internet for more than Fakebook Twits and INSTApersonalGRAMification... You have the largest Library in the world in the palm of your hand... USE IT.. research "something.." anything for that matter... We have entered into the biggest economic and social collapse in recorded History... and you are going to get caught with no Oil in your lamp.... now get to it.. research research research... I cannot help you any further.
What do people want? Too low interest rates for too long! Now we have to be prepared to accept that they must return to normal. Sad but true for many!
RBA will take into account a few mortgage holder struggling, at the expense of a whole class of people struggling.
Thank you RBA. Corruption at the best.
Thanks Labor voters! Real wages and real disposable income plummeting for all in the last two years.
Wage growth is the highest it's been in 15 years 😂
Where did you get your statistics from? Go on? Tell us?
Labor voters even shot their own foot too but I don't have any Sympathies for them😂😂
@@whiskeygamer9402get a job.
Was the liberals who started it Howard jacked up immigration numbers and made policies that also jacked up rents
And all the "university students" coming to work. Do you think the Libs have nothing to do with that?
She must be 16. Considering she says banks do have a responsibility to people... She lives in la la land
I've been living in a car for two and a half years and saving a home deposit while working - but no-one, nobody, ever has bothered to ask if I'm okay, if I need any help, that they have a driveway that I could park my car in overnight. Australia used to be a caring country, compassion and humility, now it's just those who have, and those who don't. Zero sympathy for the mortgage holders out there as they always looked down on me "why don't you live in a house, you must have a substance abuse problem or dangerous to be having to live out here".
It's sad bro the greedy all about me mindsets
Lots of car dwellers here 😢 in Adelaide.
What state are u in?
If you didn’t have the jab, l have compassion for you.
@@myaccount9498
QLD
Don’t blame everyone else because you would rather hide your money away and play the victim . Rent a house like everyone else , you chose to live in a car
Labor bigots just keep on giving us problems
Bring in MORE people from 3rd world that’ll fix the problem!
Vote Labour out….!
Most Australians are too Dumb to realise that 😂😂
ONE NATION for me
RBA is going to push for 17% in the next 5 years to curb inflation.
Oz will look like ghetto usa
1- banks print a shit load of money
2- that money eventually goes to asset classes, mostly property
3- gov brings in a shit load of foreign migrants
4- people blame foreigners and lack of accommodation for silly house prices. bank is safe, everyone is looking to the other direction.
Interest only repayments are well n good but it doesn't bring down the mortgage - just postpones the term of your mortgage.
Your taxes are subsidising imports to take Australian houses.
Already sold my house as I’d rather rent and have the cash in the account than deal with being unable to do anything but survive the debt spiral at the moment.
You'd have to be insane to get a mortgage right now.
Stop paying income tax ITS VOLUNTARY JUST GO CHECK !!!!!!!!!!
How ? Its deducted from you automatically, where do you live Mars ?
@@ardshielcomplex8917 do your research we live under a false CORPERATE CONSTITUTION since 1973 thanks to WHITLAM he sold us out to the United nations changed our true Constitution without knowledge or consent of the people of Australia and every politician knowing swears there elleagence to the corperation all corrupt and treasonous
This is not gonna be easy for many households 😢
We have already entered into the BIGGEST Economic and Social collapse in recorded History. IT IS GOING TO BE UGLY.... There will be blood in the streets.. Soon there will be a run on the Banks and there will NOT BE A WARNING.. You will wake up one morning and go to the hole in the wall and you will be limited to $50 a day... And there will be a "withdrawal stall" on your savings... IF you do in fact have any saving..(which most of you DO NOT HAVE these days) Start selling your toys peeps while there is still a few Dollars around out there in the real world.. Oh and umm start storing food... SHORTAGES SHORTAGES SHORTAGES......... HAVE ALREADY BEGUN....
Who didn't see this coming??? 😮😂😂😂
They don’t want you to pay back youre mortgage, they want you to own nothing and be happy.
Live beyond your means, the ends will come with justification.
And that means no buying Taylor Swift and Woke AFL tickets 😂
@@whiskeygamer9402 that’ll be a start at least.
We should blame to labor voters 😂
The RBA ignored inflation and it has extracted cash from all citizens aswell as mortgage holders
Housing bubble is about to burst. Those that bought into expensive property late in the boom are most at risk.
The reserve bank is neither a bank or has reserves.
Absolutely correct.
It's interesting that the increase in house price inflation takes off just after the creation of the Reserve Bank.
The RBA and money printing is the biggest problem for our economy, we need to abolish the RBA, and go to a fixed money supply that's ideally not controlled by government.
Great reset incoming!
I had a bank manager who was Vietnamese. He told me that Aussies borrowed the maximum of money, when they could have borrowed less. It is interesting that gambling, sport and other pursuits are doing quite well.
Aussies really struggling whilst pushing Perth house prices up 21% over the last year, and pushing Brisbane house prices up 16%. Sort of doesn't add up...
It’s Real estate agents that are the problem, it Literally is them pushing markets up. DYOR
All the kiwis coming over because it's cheaper housing, cheaper living food , gas. Even mortgage rates are cheaper in Australia than NZ Plus higher wages. Kiwis feeling like they won the lottery.
Just sell and downsize
💯
I hope all that voted Liebor are struggling....Reap what you sow
Always easy under Albanese
We have got ourselves in a real pickle. If housing prices drop back to where they should be it hurts. If it doesnt it hurts. Greed, gutless leaders and short sightedness has got us here.
Every ounce of excess body fat from ten years ago is basically $20 that could have been taken off the bill.
ALPs Fault
Liberals went into power with 200 billion in debt, and doubled that within two years. 9 years later were 980 billion in debt when they hand over.
Seems like we have plenty to blame them for.
Obligatory, get a job.
@@wuper2270 Back for another bruising? Sicko.
@wuper2270w⚓
@@LuciferBlack-r7pwhen have you EVER won a single debate against me? A single one?
I win every single time 🤣😂
Tasmanian house prices been dropping all year
Just sell the house to get rid of the trap.
And then what? People can’t even get a house to rent lol
It’s called the game of life .. and you get winners and then you get people with massive mortgages for a massively overpriced home..
Banks have a responsibility to people. But they can foreclose because people have a responsibility to pay their debts at the end of the day.
You can tell she’s a tenant advising on mortgages 🤦🏻
Most people should save more before they buy properties.
30% on over a million dollars? Riiighhtttt
@@joebloggs24
There is a saying in Malaysia…..a little a day and eventually it will become a hill.
Off course it is tough.
Spending monies is a breeze…..saving monies is like ploughing a field !!!!!
Most people should pay less for property. Why accepting inflated prices? Just for thinking it will double every 5 years !!!!
Australian property prices shouldn't be anywhere near as high as they are
@@haythamalkhatib5051
Sydney and Melbourne was voted in the top 10 most livable city in the world.
There are loads of people in the world who wants to live in Sydney and they will pay top dollar.
Any Sydneysider can opt out …..they can live elsewhere.
Supply and demand will keep the ball rolling.
You say expensive ……someone else say decent value.
Go to Plymouth in UK…..houses are dirt cheap because it is an old historical town that few wants to live in.
You pay premium prices for premium product.
Or go to Detroit in USA …..dirt cheap as well.
And yet the local tattoo artist in the outer suburbs has 12 tattooists and they are busy busy busy.
Not everyone is struggling. I have no children, I'm in an entirely different position than others my age.
@@Poputnyk yep 👍
Having no kids is awesome
Got a house, got holidays wherever whenever I want… never worried about job loss during Covid as I own the company
Life is awesome 🤩 without kids
Best choice I made 😎👍
Yep, seeing the same thing. Brisbane is busy. South East QLD is roaring.
@@Poputnyk IF you have no children by choice, you are sowing the seeds of our destruction. Muslim women often don't get a say in it, so they are breeding at rather more than twice the average for Australian women. Think about what they means in a few generations.
Lotto shops and the booze shops are doing well too.
Good. Houses should not go up like crazy as they are. It is not sustainable. Specifically when salaries are not going up. People should choose better their governors and stop paying ridiculous prices for houses. This is artificially built. I remember in COVID when the border closed the rents were very cheap, I inevitably the housing prices were too.
You bought it.... you PAY for it. That's the problem when you let it millions of immigrants to speculate in your Real Estate market..... they take the profits and leave behind the DEBT.
Transferring economic wealth from West to East
Yep, the west exploited the east and used them as cheap labour for over a century. Now the shoe is on the other foot it seems more than fair.
Fixed mortgages for the life of the loan in the US
Actually 30 years.That though is not the whole story.Many Americans are doing it tough,& have had to releverage their loans;& at a much higher new mortgage price. Like us,& many other places in the world people are in dire straights. losing their jobs,& homes.
At least though their house prices are much more sensible unlike ours which are totally absurd.
😮...I"ll try again despitefinishing my comment,as something wrong with this comment section ..Americans are doing it tough they have had to refinance their mortgages & at a new higher rate.Many in America,other places,& here are in dire straights,with people losing their jobs & homes.At least though in America the house prices are sensibly priced,not absurd like here.
What is a mortgage, buy or build a house in your own saved cash. Problem solved.
Should have fixed rate for full length of term
This is why Australia’s rates are lower than the rest of world. They know mortgage holders won’t be able to survive at higher rates. They are trying to keep the majority solvent to avoid a default collapse, whilst inflation runs rampant.
People need to learn not to overborrow. They also need to learn to lock in rates for 5 years.
Thanks to labour spending like money is going out of fashion. Keeping interest rates high.
Most people only have themselves to blame. They buy the biggest McMansion that the bank will lend them money for rather than a modest home that they can easily afford.
I'm thinking it's not the mortgage that's the problem but all the add-ons. Takeaway meals, the boat, the caravan, the jet ski, multiple subscriptions, the new car, the holiday, new clothes, new furniture, credit card repayments, running up energy bills, cry me a river.
Dont blame the gov, blame yourself, blame the banks for lending out money people cant afford to pay back. Inflation is high rates are going to be high get over it, its the recession we need coming to reset!
Many finance analysts are talking about a huge amount of people being convinced by the banks to actually sell up before they technically even fall under the statistics of being in default or arears or in "Stress"- so on the stats these people just look like a regular house sale. So technically the banks fudging the numbers. Many banks are saying most "households are fine on our books, default rates are actually okay in many places" But it's not the whole picture. Many banks are also moving people to interest only as well. We personally had a call from our bank last year asking if we felt our finances are in good shape- they are being very very careful to protect the narrative that all is well.
They were a year ago!
Cmon 5.5% hurry up.
THE NRL PLAYERS ARE RICH
Yes and PNG Football team that got 650M last week from ALBO
I wonder if Covid policies helped get us here?
Good news.. need to fight inflation jack up interest to 8 to 10 to bring inflation
You can honestly expect interest rates to go over 10% easy there is going to be a market correction in housing and equities. A lot of the top investors are just holding their cash in short term treasury bonds. Recession or even depression is on its way. Hope I’m wrong but all the signs point to it.
No shit!
I’m not. Maybe people should stop being consumers and buying shit they don’t need.
I did need new speakers for my audio system..I want my neighbours to be able to listen to my metal like they are in the living room 😂
@@Prognosis__ I got jumped on by a 60kg bulldog today. His paws punched me in the guts! Thing was a tank.
@@larrylongprong5219 was it at work? You would have a few shovels about to fend it off
@@Prognosis__yeh.. was on my way back to the ute and the clients daughter just got home so the dog was there to greet her. Then it saw me 🤣 I was like ooooft! 😮 lucky it didn’t get my nuts🤣
@@larrylongprong5219 I'm out with mates later tonight. I feel really tired though. I have been eating junky food recently
You will find a lot of them have extended themselves beyond their means during the good times and now are expecting tge government to bail them out. They are probably still going on expensive holidays, have a new car in garage and ordering food on the delivery apps! They just need to pull their head in on their spending!
It's terrible, isn't it. Who would have thought that interest rates only rising 3.5% would have had such an impact. You have to question the banks business ethics for lending people money who can not service the loan
Time to leave
No data? Pretty poor.
The people that enjoyed getting paid to sit at home during COVID are to blame
What other choice did they have? They’d get thrown in a gulag otherwise
@@TheRubberStudiosASMR they could of not enjoyed it and got out and protests
@testicool1013.I agree people sitting at home during covid & getting paid to do so was disastrous for the Treasury coffers. Disastrous for the businesses crying out for workers - but still had to pay the rent.Disastrous for our Countries economy.Then again though, this has been going on since 1972,when a lot of people opted out & went on the dole... Whole generations of them! Unheard of during the Great Depresson,& WW War 11. People would be ashamed to take money for nothing.How things change.How did we get to this ?This Camelot of a lifestyle cost big $$ to Govts .We have had the lowest productivity in 60 years; those stats came out this year. Thats one big factor. Then house prices should never have doubled & tripled during covid; & oftentimes for shacks!Then too the Dept of Housing raised land values outrageously,& poor pensioners carn't pay their rates!!? Our house prices have the dbious honour of being now the highest in the world & absolutely absurd.Then the phoney promise of no % rises til 24- straight after America lifted theirs?! Then what? 13 sudden crippling % rate rises in a row..?!? Now,people are losing their homes ,& businesses are going to the wall. Where was the foresight with all of this?All the marker's are there with all this debt with Govts,& people for something far worse than "29".What will the Govt & the ATO do to reclaim all this lost revenue from fallen businesses,& more people having no where to call home?
Buying a House is a dream now !!!
Mortgage rate of 9%🤫
Well, if you borrowed 90% for a house loan , asking for trouble 🙄
People who can work from home should move to Bali for while. Instantly lower cost of living by 4x! It's a win win for all. I think government should encourage digital nomad with tax cuts.
27 months from first rate hike is the D Day that’s August 2024
Increase mortgage rates to 9% and let's see how things go
As expected.
Just be happy you have a house, bed, fridge and electricity. When you hop into your nice warm bed tonight I want you to remember that RUclips person who told you that they drive past a guy every morning in 3 degree weather who is sleeping in a bus shelter. We are all super lucky, we just don’t appreciate it.
Hi they need to wake up they are 10 months too late with there survey
It will be 5/5 very soon they know there finished better off buying a motor home so there not homeless and then keep calm refind themselves and there priorities and then build back from there not all is lost
Taiwan you can get a home loan at 1.7%pa
With the CCP barking at your door, that cheap loan might not seem like a good idea soon.
@@johnoneill1011 True!
Banks only responsibility is to shareholders. Not making sure you can pay your debts. They can only do so much.
It’s not easy under Albanese 😢
Whats new
Anthony “recession” Albanese