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On Liberty EP96 | Eliza Owen | Is The Property Bubble Bursting?
Centre for Independent Studies
English - August 10, 2022 03:00 - 27 minutes - 25.2 MB - ★★★★★ - 1 ratingNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On the show this week, Salvatore Babones returns to discuss the future of housing and rental prices with Eliza Owen of CoreLogic.
Many Australian homeowners and renters will be nervously waiting to see what effects the RBA's interest rate increases will have on their home loans and rent payments. While increases to the cash rate may help ease house price pressures, and stem inflation, many first home buyers know this represents an increase to their monthly repayments.
According to Eliza Owen's research these rate hikes have slowed the property market as property values in Sydney are down almost 5% since mid-February’s peak. In fact, Owen reports that monthly sales volumes across Australia have generally been trending lower since November 2021."