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 over the last 12 months — 2 in all, peaking in Sep 2026 with 1.

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The Money Puzzle · Why property bargain hunters can hang tight... this downturn is only starting · 8 Sep 2026 podcast

Or it's become very obvious that they're going to cut interest rates soon.

And I think we're still a long way away from that point at the moment.

There's some of the things I want to ask you.

Uh look, there's not really quality data before the nineteen eighties, but you'd be looking at the oil crisis back in the nineteen seventies, the last time we saw that sort of fall.

The early 90s drop was?

Uh so the the worst one we've seen since the ninth start of the 1980s was actually that 8% fall that we saw in 2017 and then again replicated in 2022.

Now, there's been markets obviously where the falls have been much larger.

We've seen Melbourne in the early 1990s, prices fell about 15% and took about 15 years to recover.

The more recent example is actually Perth before the global

financial crisis, we saw prices in Perth fall by about 15% and shown no growth for about 12 years.

So there are individual cities where we've seen examples of that, but at a national level, we haven't seen a large fall like that for quite

Look, I I think it's unlikely, but I think there's a possibility.

And a big thing that Canada did was they lifted interest rates much more aggressively than we did, and New Zealand did that also.

Yes.

Even though I think we're going to get a couple more interest rate hikes, I don't think that the Reserve Bank's going to be overly aggressive because they do have this dual mandate that they need to try and maintain full employment, which other central banks don't necessarily have.

The other big one for both

Both Canada and for New Zealand was Canada's really aggressively cut its rate of migration to that country as well.

Yeah.

And that's impacted on the housing market.

Now, New Zealand didn't do that, but as the New Zealand economy weakened, a lot fewer people went to New Zealand, and obviously a lot of Kiwis found their way to Australia because they can do that, the economy's stronger, their job prospects are a lot stronger as well.

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