Craig (Host)
speaker
2,633 appearances
53 recordings
1 series
first heard Oct 2021
last heard 16 Jan
Craig (Host)’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 — 1 in all, peaking in Jan 2026 with 1.
Appearances
The government would subsequently own a share in the house, which you can choose to buy back over a period of time.
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And if your income increases above the thresholds, you would have to start buying it back.
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And if you sell the house, the government would take back its share along with relevant proportions of any capital gains, making it a potential revenue earner.
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Similar shared equity schemes are already running in some states like the Key Start program in Western Australia and Home Buyer Fund in Victoria.
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So that's a little bit of a look at the Help to Buy scheme, but Labour were also going to adopt the Morrison plan too, weren't they?
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I wonder how the first home buyers are feeling, do you think, this morning after the election a couple of days old?
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OK, let's get away from politics and look at the rest of 2022 with the cash rate rises.
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I see that some of Rate City data has found that the average variable home occupier with a 500k 25-year principal and interest loan could see their monthly repayments rise by an extra $106.00
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If the RBA hikes the cash rate by 0.40 percentage points next month in June.
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But we are really focused on the end of the year because the same borrower could be paying a massive increase of $400.
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and $43 more each month on the repayments by Christmas if the cash rate were to reach 1.75% as predicted.
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So tell us a little bit more about how much of a scary scenario that is right now for borrowers.
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Yeah, I think that's a very valid point because how much of a reality check should people be putting into that whole question of stress testing their mortgage?
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Because it feels like they should perhaps be considering this so much in advance before the actual event takes place.
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Sally, always a pleasure.
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Enjoy your Monday morning and thanks once again for coming on to The Real Estate Podcast.
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it's the real estate podcast brought to you by ray white the largest real estate and property group in australasia and welcome to another episode of the real estate podcast available on iheart radio and also spotify and apple podcasts or wherever you get your podcast from
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Tuesday the 17th of May has arrived for 2022 and there's a lot of talk about just how dicey things could get for mortgage borrowers with the RBA activity for the rest of this year.
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But Australia's biggest lenders are feeling pretty good and confident in just how most borrowers are going to be able to handle these rises.
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The reason the banks say that is that households have built up an impressive additional $240 billion in savings over the last two years.
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Showing 1641–1660 of 2,633 · page 83 of 132
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