Andrew Page

speaker
463 appearances 1 recordings 1 series first heard Aug 2021 last heard Aug 2021

Andrew Page’s voice in public audio — every appearance, attributed to the second.

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Like, why would... I mean, that was the angle that they wanted to come at because it was just seen as, like, the most... No one does that.
Why would anyone ever do that for?
It is an ideology in Australia.
Home ownership is the dream, the great Australian dream, you know?
And so for anyone to...
The story of people having trouble getting into the market is a well-known one and, in fact, a very important story that needs to be told.
But the story of the person who's in the market and voluntarily elects to leave the market, what?
That's really weird.
So, yeah, that's what that was all about.
I don't know.
Yeah, it does.
So this is going to be hard to do verbally, but the variables that matter here, so the answer to your question is it depends.
So if you're going to buy a caravan in the back of Bourke, it makes a huge amount of sense, right?
Because you don't have to take on much leverage.
You'll pay it off really quickly, and then you'll be rent and mortgage-free.
And then you'll have all of your disposable income to put into the market.
And the math just works out beautifully well.
If, on the other hand, you're wanting to buy a three-bedroom brick house in the inner west of Sydney or inner Melbourne or something like that, and you literally need $1.52 million to buy that house –
and you have to borrow 95% of that, and you have to pay mortgage insurance, and you have to pay rates, and you have to pay this, and all this stuff, then probably not.
The other big X factor in that is, well, you and I are sitting here right now with interest rates at the lowest levels they've ever been.
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