Australians now ‘really struggling’ to repay their mortgages

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Australians now ‘really struggling’ to repay their mortgages

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Sky News Australia

Күн бұрын

Пікірлер: 343

@Ex_877 Ай бұрын

That woman talking about banks being 'kind' and 'understanding' is laughable. They're here to take your money, you signed a contract.

@wyattfamily8997 Ай бұрын

Exactly correct.

@daniellurkin Ай бұрын

It's not the banks....it's the interest rate not controlled by them.

@peterRobinson10101 Ай бұрын

@@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.

@peterRobinson10101 Ай бұрын

RBA Reserve Bank Australia... ie: A Bank.

@testicool013 Ай бұрын

@@peterRobinson10101reserve bank

@zhaowei3025 Ай бұрын

Thanks Albanese . Paying your GG $ 750,000 while we Aussies live on the streets 😢

@larrylongprong5219 Ай бұрын

Hi my darling 🥰😘

@larrylongprong5219 Ай бұрын

Is that you on Canterbury Rd selling yourself? Bob smith a client? 🤣🤣🤣

@wuper2270 Ай бұрын

Collect your 50 cents Zhao! 😂 Hope it's extra cold in the shelter tonight! 😘

@Quasnob Ай бұрын

@@larrylongprong5219 meeeow

@Prognosis__ Ай бұрын

@@larrylongprong5219missing Bob Smith mate?

@user-pk9fm4zh1g Ай бұрын

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.

@xyzxyz4575 Ай бұрын

what happen in Thailand stays in Thailand, dont bring to Australia!

@paradiselost9946 Ай бұрын

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 Ай бұрын

@@paradiselost9946 sell the property, and off to Thailand!

@paradiselost9946 Ай бұрын

@@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?

@caseymilne8223 Ай бұрын

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

@kylegallant3423 Ай бұрын

The WEF has been more successful than we could all imagine

@7thNoteOfficial Ай бұрын

Many wont believe

@purebloodnordicroamer7955 Ай бұрын

Most people have’s got a clue what you are talking about. They are a Asleep 💤

@7thNoteOfficial Ай бұрын

@@purebloodnordicroamer7955 snooring at the wheel

@JCstableguycoin Ай бұрын

and we are asleep at the wheel

@whiskeygamer9402 Ай бұрын

Albo is the most useless PM in Australian History 🤣🤣

@larrylongprong5219 Ай бұрын

Not really…

@whiskeygamer9402 Ай бұрын

@@larrylongprong5219Your mate thinks So😂🌋

@larrylongprong5219 Ай бұрын

@@whiskeygamer9402 does he just? 🤣🤣🤣

@knight2425 Ай бұрын

And Gillard is happy that she no longer holds that title

@ApeHarrop Ай бұрын

@@larrylongprong5219no he is the worst prime minister, he clearly isn’t in control of anything

@davehad-enough2369 Ай бұрын

Labor voters struggling too ??? Yes ?? Then you brought it on yourself.

@wuper2270 Ай бұрын

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.

@florinvoicufv Ай бұрын

True but liberals are the same

@paradiselost9946 Ай бұрын

it doesnt matter who you vote for. voting does nothing.

@knight2425 Ай бұрын

But Labor voters blame previous governments for everything just like Albo does

@NinjaKuma Ай бұрын

Polititans received their 3rd tax free pay increase. For what may I ask?

@rohanhall-dq9ij Ай бұрын

To put towards their next investment property of course..

@Username-ze1ux Ай бұрын

😂…100

@romemancer7905 Ай бұрын

Sack the P.M and the new Gov. General !!!

@decem_unosquattro9538 Ай бұрын

Oh yeah that's really going to work. Lol😂

@SaMaNtHa.2023 Ай бұрын

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.

@kaynefryday6637 Ай бұрын

The goverment doesn’t give a crap , they keep giving themselves pay rises

@nevillemills9517 Ай бұрын

Remember Classless Shwabb said "You'll own nothing and be happy". Because if you let him, he'll own you. "Eat zee bugs"!

@rabidsminions2079 Ай бұрын

Gauze Swab.

@davidmckeown6313 Ай бұрын

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 😂😂

@nevillemills9517 Ай бұрын

@@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.

@HARDESHMAHAL Ай бұрын

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!

@nevillemills9517 Ай бұрын

@@HARDESHMAHAL That's right they're still sitting in front of that Tell lie vision.

@benalba7192 Ай бұрын

How did Aust come to this? Greed.

@jimmartin9704 Ай бұрын

Spot on, glad I'm not the only one saying this

@robertocolon5811 Ай бұрын

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.

@Poputnyk Ай бұрын

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.

@through-faith-alone Ай бұрын

CAN'T WORK WITH INTEREST SLAVERY!

@through-faith-alone Ай бұрын

@@robertocolon5811 I N T E R E S T S L A V E R Y

@7thNoteOfficial Ай бұрын

Wages way to low

@johnoneill1011 Ай бұрын

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?

Ай бұрын

Immigration, immigration.

@fatwombat2611 Ай бұрын

Keeps the Ponzi going

@7thNoteOfficial Ай бұрын

Mass homelessness on the way

@paradiselost9946 Ай бұрын

theres going to be no food... no petrol... homelessness is the least of the worries...

@VinceTomJones Ай бұрын

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....

@7thNoteOfficial Ай бұрын

@@paradiselost9946 😫

@ThisIsMyCareFace Ай бұрын

In every country in EVERY city everywhere...

@7thNoteOfficial Ай бұрын

@@ThisIsMyCareFace 😫

@joebloggs24 Ай бұрын

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".

@7thNoteOfficial Ай бұрын

It's sad bro the greedy all about me mindsets

@myaccount9498 Ай бұрын

Lots of car dwellers here 😢 in Adelaide. What state are u in?

@purebloodnordicroamer7955 Ай бұрын

If you didn’t have the jab, l have compassion for you.

@joebloggs24 Ай бұрын

@@myaccount9498 QLD

@kaynefryday6637 Ай бұрын

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

@jimbooo1365 Ай бұрын

We were warned... it was never going to be easy under albanese

@VinceTomJones Ай бұрын

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.

@anitacohen8753 Ай бұрын

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!

@kurjan1 Ай бұрын

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.?!

@7thNoteOfficial Ай бұрын

Wages haave to match else everything collapses

@Jun-pr6li Ай бұрын

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.

@Jenifer_G Ай бұрын

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.

@Ex_877 Ай бұрын

It's called inflation, and it's an unnecessary evil created by central banks to rob you blind.

@tinkingtinking2134 Ай бұрын

Your not saying Covud might have been deliberately 😂

@Ex_877 Ай бұрын

It's inflation caused by the central banks, and it is an insidious hidden tax which robs you blind.

@purebloodnordicroamer7955 Ай бұрын

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.

@ashleynz2575 Ай бұрын

Thanks Labor voters! Real wages and real disposable income plummeting for all in the last two years.

@wuper2270 Ай бұрын

Wage growth is the highest it's been in 15 years 😂 Where did you get your statistics from? Go on? Tell us?

@whiskeygamer9402 Ай бұрын

Labor voters even shot their own foot too but I don't have any Sympathies for them😂😂

@wuper2270 Ай бұрын

@@whiskeygamer9402get a job.

@trent3727 Ай бұрын

Was the liberals who started it Howard jacked up immigration numbers and made policies that also jacked up rents

@trent3727 Ай бұрын

And all the "university students" coming to work. Do you think the Libs have nothing to do with that?

@Boots3962 Ай бұрын

If i lose my house, the local polly losing his

@contsiolis1998 Ай бұрын

RBA has no idea.

@wuper2270 Ай бұрын

Not the RBA's fault that the liberals spent 900 billion dollars on nothing.

@Ex_877 Ай бұрын

Central banks created this mess, and if you think not you don't understand the evils of central banking.

@silverslaya Ай бұрын

Actually they do.

@brothermaynard3200 Ай бұрын

Actually, it's the government that has no idea...

@Ex_877 Ай бұрын

The RBA, along with all central banks globally, have been instrumental in causing both the inflation and deflationary depression.

@andrewmckay2118 Ай бұрын

Labor bigots just keep on giving us problems

@johnsmith-ro2tw Ай бұрын

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.

@amiller2352 Ай бұрын

She must be 16. Considering she says banks do have a responsibility to people... She lives in la la land

@majinsaiyan8255 Ай бұрын

Bring in MORE people from 3rd world that’ll fix the problem!

@OzSpud72 Ай бұрын

RBA is going to push for 17% in the next 5 years to curb inflation.

@7thNoteOfficial Ай бұрын

Oz will look like ghetto usa

@justanotherguy535 Ай бұрын

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.

@paulbeasley8218 Ай бұрын

Vote Labour out….!

@whiskeygamer9402 Ай бұрын

Most Australians are too Dumb to realise that 😂😂

@PeterTriplett-j5g Ай бұрын

ONE NATION for me

@jasonsmith914 Ай бұрын

They don’t want you to pay back youre mortgage, they want you to own nothing and be happy.

@AliScarborough004 Ай бұрын

Interest only repayments are well n good but it doesn't bring down the mortgage - just postpones the term of your mortgage.

@peakhour Ай бұрын

You'd have to be insane to get a mortgage right now.

@user-mm6qq6zb8g Ай бұрын

Stop paying income tax ITS VOLUNTARY JUST GO CHECK !!!!!!!!!!

@ardshielcomplex8917 Ай бұрын

How ? Its deducted from you automatically, where do you live Mars ?

@user-mm6qq6zb8g Ай бұрын

@@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

@anth5189 Ай бұрын

Your taxes are subsidising imports to take Australian houses.

@BoyGeorge-m5e Ай бұрын

This is not gonna be easy for many households 😢

@VinceTomJones Ай бұрын

@wiser3754 Ай бұрын

Live beyond your means, the ends will come with justification.

@whiskeygamer9402 Ай бұрын

And that means no buying Taylor Swift and Woke AFL tickets 😂

@wiser3754 Ай бұрын

@@whiskeygamer9402 that’ll be a start at least.

@downtoearth1950 Ай бұрын

The RBA ignored inflation and it has extracted cash from all citizens aswell as mortgage holders

@AJonVolk Ай бұрын

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.

@williamcrossan9333 Ай бұрын

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...

@Drseyazdrseyaz Ай бұрын

It’s Real estate agents that are the problem, it Literally is them pushing markets up. DYOR

@lukelukelulu Ай бұрын

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.

@shyamchabra5355 Ай бұрын

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.

@Shaker4x4 Ай бұрын

Housing bubble is about to burst. Those that bought into expensive property late in the boom are most at risk.

@michaeln3852 Ай бұрын

I hope all that voted Liebor are struggling....Reap what you sow

@lucasroe2878 Ай бұрын

Who didn't see this coming??? 😮😂😂😂

@fatwombat2611 Ай бұрын

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.

@nguyensonkhuong3963 Ай бұрын

We should blame to labor voters 😂

@daniellurkin Ай бұрын

The reserve bank is neither a bank or has reserves.

@purebloodnordicroamer7955 Ай бұрын

Absolutely correct.

@iainw5081 Ай бұрын

It's interesting that the increase in house price inflation takes off just after the creation of the Reserve Bank.

@Nabraska49 Ай бұрын

It’s called the game of life .. and you get winners and then you get people with massive mortgages for a massively overpriced home..

@user-wh8wm9oh4z Ай бұрын

Just sell the house to get rid of the trap.

@petertyper1 Ай бұрын

And then what? People can’t even get a house to rent lol

@oanna1979 Ай бұрын

Just sell and downsize

@Drseyazdrseyaz Ай бұрын

💯

@Gruffydom Ай бұрын

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.

@mohhingman Ай бұрын

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.

@whiskeygamer9402 Ай бұрын

ALPs Fault

@wuper2270 Ай бұрын

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.

@wuper2270 Ай бұрын

Obligatory, get a job.

@LuciferBlack-r7p Ай бұрын

@@wuper2270 Back for another bruising? Sicko.

@Father-Grandfather Ай бұрын

@wuper2270w⚓

@wuper2270 Ай бұрын

@@LuciferBlack-r7pwhen have you EVER won a single debate against me? A single one? I win every single time 🤣😂

@ValidatingUsername Ай бұрын

Every ounce of excess body fat from ten years ago is basically $20 that could have been taken off the bill.

@tony72I Ай бұрын

Always easy under Albanese

@dirtlump Ай бұрын

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.

@garryarnfield745 Ай бұрын

Great reset incoming!

@windsong3wong828 Ай бұрын

Most people should save more before they buy properties.

@joebloggs24 Ай бұрын

30% on over a million dollars? Riiighhtttt

@windsong3wong828 Ай бұрын

@@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 Ай бұрын

Most people should pay less for property. Why accepting inflated prices? Just for thinking it will double every 5 years !!!!

@russellbogg5270 Ай бұрын

Australian property prices shouldn't be anywhere near as high as they are

@windsong3wong828 Ай бұрын

@@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.

@nickk5731 Ай бұрын

Tasmanian house prices been dropping all year

@sidecarmisanthrope5927 Ай бұрын

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.

@clydesimpson1462 Ай бұрын

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.

@testicool013 Ай бұрын

The people that enjoyed getting paid to sit at home during COVID are to blame

@TheRubberStudiosASMR Ай бұрын

What other choice did they have? They’d get thrown in a gulag otherwise

@testicool013 Ай бұрын

@@TheRubberStudiosASMR they could of not enjoyed it and got out and protests

@maureensheppard3613 Ай бұрын

@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?

@myday2704 Ай бұрын

People need to learn not to overborrow. They also need to learn to lock in rates for 5 years.

@jaysay.youtube Ай бұрын

You can tell she’s a tenant advising on mortgages 🤦🏻

@larrylongprong5219 Ай бұрын

I’m not. Maybe people should stop being consumers and buying shit they don’t need.

@Prognosis__ Ай бұрын

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 😂

@larrylongprong5219 Ай бұрын

@@Prognosis__ I got jumped on by a 60kg bulldog today. His paws punched me in the guts! Thing was a tank.

@Prognosis__ Ай бұрын

@@larrylongprong5219 was it at work? You would have a few shovels about to fend it off

@larrylongprong5219 Ай бұрын

@@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🤣

@Prognosis__ Ай бұрын

@@larrylongprong5219 I'm out with mates later tonight. I feel really tired though. I have been eating junky food recently

@mangoman9290 Ай бұрын

And yet the local tattoo artist in the outer suburbs has 12 tattooists and they are busy busy busy.

@Poputnyk Ай бұрын

Not everyone is struggling. I have no children, I'm in an entirely different position than others my age.

@JohnsonCranium Ай бұрын

@@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 😎👍

@williamcrossan9333 Ай бұрын

Yep, seeing the same thing. Brisbane is busy. South East QLD is roaring.

@johnoneill1011 Ай бұрын

@@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.

@Gruffydom Ай бұрын

Lotto shops and the booze shops are doing well too.

@user-kw5hx7ji8h Ай бұрын

Fixed mortgages for the life of the loan in the US

@maureensheppard3613 Ай бұрын

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.

@maureensheppard3613 Ай бұрын

😮...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.

@sagepirotess6312 Ай бұрын

What is a mortgage, buy or build a house in your own saved cash. Problem solved.

@freedomnews4994 Ай бұрын

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!

@johnfletcher4017 Ай бұрын

Transferring economic wealth from West to East

@PlainAndAverage Ай бұрын

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.

@Denise-eb7vg Ай бұрын

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.

@nick000002 Ай бұрын

Should have fixed rate for full length of term

@jimmartin9704 Ай бұрын

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

@Gruffydom Ай бұрын

Thanks to labour spending like money is going out of fashion. Keeping interest rates high.

@alyssajenaway3781 Ай бұрын

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.

@SecretSquirrrrel Ай бұрын

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 KZfaq 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.

@JJ-mc8lu Ай бұрын

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!

@lannyjr1042 Ай бұрын

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.

@lindajohnston6781 Ай бұрын

They were a year ago!

@jessekoch3480 Ай бұрын

Cmon 5.5% hurry up.

@robertlee8862 Ай бұрын

Well, if you borrowed 90% for a house loan , asking for trouble 🙄

@user-cr3fc8or6o Ай бұрын

Increase mortgage rates to 9% and let's see how things go

@adriannalyon9514 Ай бұрын

No data? Pretty poor.

@tacorevenge87 Ай бұрын

Time to leave

@ickster23 Ай бұрын

I wonder if Covid policies helped get us here?

@TheRubberStudiosASMR Ай бұрын

No shit!

@Kelly-oe8kr Ай бұрын

Oh boo hoo, renters have been struggling for years and we don't have any relief available. Home owners can refinance or switch to paying nterest only. Should have bought and lived within your means!

@ak-pc7yj Ай бұрын

Buying a House is a dream now !!!

@stanleytran7044 Ай бұрын

THE NRL PLAYERS ARE RICH

@Drseyazdrseyaz Ай бұрын

Yes and PNG Football team that got 650M last week from ALBO

@HS-PGA Ай бұрын

27 months from first rate hike is the D Day that’s August 2024

@trogdortheburninator8149 Ай бұрын

It’s not easy under Albanese 😢

@middleclassworkingman3762 Ай бұрын

It’s all part of the plan. The more man made disasters the better. Watch the people squeal. Challenge the citizenry on what they can really do facing desperation. They can’t wait to see what you can muster.

@barryreinecke5918 Ай бұрын

Hi they need to wake up they are 10 months too late with there survey

@jackfieldsjack1061 Ай бұрын

Good news.. need to fight inflation jack up interest to 8 to 10 to bring inflation

@750tripple Ай бұрын

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

@lovechineseforever9434 Ай бұрын

NO CHINESE MONEY TO SAVE YOU THIS TIME

@theanswer9445 Ай бұрын

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.

@user-cr3fc8or6o Ай бұрын

Mortgage rate of 9%🤫