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

They might try to cut down on other fund purchases, so travels, dining out to just pay for the mortgage.

I think, you know, on an individual level, remember that, you know, if you have mortgage stress, people can definitely call the bank, you know, negotiate, say maybe a longer repayment period that can lower your monthly mortgage payments.

You can try to go interest only for a certain amount of time that can alleviate that monthly mortgage payment as well, because the bank really doesn't want you to default on the mortgage.

So that's something you can do as an individual if you're under stress.

Yes, the economy is definitely slowing and obviously our recession probability has gone up, but there's always some recession probability at any time in Australia.

It already ranges around 10 to 15%.

Right now, we say that the recession probability will probably go up to around 30% with rate hikes, as well as with all the developments coming out of the Middle East war.

But let's also look at things into context here.

The GDP growth number was softer, and that was on the quarterly basis of 0.3% quarter on quarter.

But over the last year, we've grown about 2.5%.

So that's actually a pretty decent pace for a developed country like Australia.

It's actually higher than the potential growth rate that the RBA estimates for Australia, which is only about 2% to 2.2%.

So we're actually growing a bit faster than what we should be growing as.

And the reason why the RBA has to hike rates further this year is actually because businesses can actually put up prices because, again, the consumers were actually starting from a strong base, so they can take some of the price highs.

So the businesses actually have a bit of pricing power there.

The RBA also probably has to hide more because we've had quite a lot of wage growth pressures in the economy.

So just two days ago, the Fair Work Commission handed out their next financial year's decision for award and minimum wages growth.

So basically people on minimum and award wages will get a pay rise between 4.75% to 6%, which is a very decent number, I would say.

So all of that pressures kind of just mean that, you know, people are getting actual wage rises, which means that they can pay for a little bit more mortgage, I would say.

You know, it's not a great outcome for mortgage holders, no doubt with that.

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