My Bui

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229 appearances 2 recordings 1 series first heard Jun 2026 last heard 7 Jul

My Bui’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 Jul 2026 with 1.

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The Briefing · Barnaby Joyce’s on-air backflip + Are house prices really falling? · 5 Jun 2026 podcast

falling by 5% between now and June next year.

But after that, we'll see a bounce back in prices again.

So negative equity, even if it happens, it will only be a year max, and then you go back to positive equity.

Yeah, I think so.

Basically, if you look at an average, say, mortgage in Australia, it ranges between $600,000 and $700,000, which seems reasonable for a first home, I guess.

So every single rate hike from the RBA would basically add about $100 to $110 to your monthly mortgage payment.

So over the last three months, the RBA has hiked rates three times.

So that's added $360 to your monthly payments.

We actually do see one to two more rate hikes to come.

So that's actually quite a sizable chunk that's added to the monthly mortgage payment if you're under that squeeze.

I think we'll definitely see a little bit more of an increase in delinquencies or arrears or basically the count of people who cannot pay their mortgage on time in Australia.

That's part of the immediate impact coming out of these rate highs.

But on a macro level, we were starting from a rather low base in Australia.

There will be some more mortgage stress in the market, but I don't think it will get to a level when the RBA has to worry too much about people plunging into a recession or it would damage our financial stability in terms of the macro banking system.

Over the last cycle, so basically between 23 and 25, the RBA basically high to raise massively from basically around 0% to 4.35%.

And if you think about that increase, a lot of us were thinking that, you know, that would break the market because it adds so much to the monthly mortgage payment if you don't fix your mortgage interest rate.

But it didn't seem like it was particularly damaging to the economy, really.

Yes, the economy slowed, but the number of delinquencies didn't rise that much.

So I would say that the backbone of that is just basically a strong labor market, as we have mentioned just now.

If you still have the jobs, people would try to basically make ends meet.

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