Eliza Owen
speaker
379 appearances
2 recordings
1 series
first heard Nov 2024
last heard May 2025
Eliza Owen’s voice in public audio — every appearance, attributed to the second.
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Appearances
The problem with the demand side is that politically, historically, it's not been very popular because most Australians might not want to see their home values go down.
I have a little bit of optimism around uh turning tides because you've got more renters in the voter base now as the rate of home ownership falls.
And even those who do own a home, they might have to be the ones helping their kids into the market, right?
Or even just thinking of future generations might be more comfortable with at least a modest decline in home values if it means that the next generation can live better.
I think um the challenge with making it a more risky investment and to be honest this kind of comes back with um to policy as well.
Like we talk about the expansion of five percent home loan deposit schemes.
Uh those if if you have more risk you kind of
put more reliance on property prices continuing to rise.
You could argue that part of the stability of the market
um and and the conservatism of the lending would allow it
Twofold.
So in their latest financial stability review, the RBA reported that
About ninety-nine percent of mortgaged households are in a position of positive equity where their home value is worth more than what they owe the bank.
They estimate that even if home values declined by thirty percent, ninety percent of Australians would still be in a positive equity position.
Uh mortgaged Australians, I should say.
The re part of the reason for that is because a twenty percent deposit is the norm.
Um
The serviceability assessment buffers i i protect borrowers against things like income shock.
Um
they allow again property prices to go down because even if you do fall into negative equity, it doesn't matter if you can afford your mortgage and you're well ahead on your mortgage.
Showing 161–180 of 379 · page 9 of 19
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