Cameron Kusher
speaker
379 appearances
2 recordings
1 series
first heard Jul 2026
last heard 8 Sep
Cameron Kusher’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 1.
Appearances
That that's correct.
And I guess the the two factors in both of those downturns were a little bit different.
In two thousand and twenty-two, it was largely coming out of the pandemic, interest rates were increased very aggressively.
Twenty seventeen was more about restricting access to credit because we had the Royal Commission going on and that led to that downturn in the housing market we saw at that time.
So
Yeah, I think there's a few.
So, firstly, if we look at the two big markets of Sydney and Melbourne, and they really drive the national outcomes.
Look, the Melbourne housing market has been weak for five years.
It's actually seen no price growth over that period of time.
That's been a function of really low consumer sentiment or or buyer willingness in that market and a very high volume of stock available for sale in Melbourne.
You've also had you've
We've still had strong net overseas migration to Melbourne and Victoria.
We've had a lot of people leaving Victoria and a lot of people from interstate not arriving in Victoria who would have previously.
Now, Melbourne's actually really quite affordable now, but the challenge still is that there's a lot of properties on the market.
Sydney has also gone into a downturn, and the fall in prices in Sydney started before the federal budget.
And again,
Similar to Melbourne, one of the big drivers of the weakness in the Sydney housing market has been there's been a very high level of stock available for sale, and affordability in that market is extremely stretched.
What we were also seeing before the federal budget, obviously we got three interest rate increases early this year.
And we were seeing the rate of growth in prices in those other markets starting to slow.
But then the federal budget came, and there were obviously some significant changes to the capital gains tax discount and negative gearing.
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