My Bui
speaker
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 · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
When you hear the fact that prices are down about 1% nationally on average, obviously Sydney and Melbourne are down a little bit more than that.
Think back in the context, we're basically back to where prices were a year ago.
So is that concerning?
Not really, I would say.
Of course, I think the worrying things for some people is that price downturn might have a little bit more to go.
So obviously this year, wire price is falling.
We've had three rate hikes.
That means people cannot borrow as much, people cannot service as much mortgage from their usual paycheck.
In addition to that, you also have the tax changes that basically make housing a bit less attractive for
for investors to get into the market.
Investors are usually thought of as the marginal buyer, aka the buyers that can actually move the markets.
So now you have the changes both from monetary and fiscal policies, more like a double whammy that tries to slow the market.
So people are worried that there might be a bit more to go in terms of price downturns.
At AMP, we think that this price downturn can be about 7% peak to trough.
And this would go on until around middle of next year before maybe rate cuts towards the end of next year will help housing market revive up a little bit again.
And is 7% big or small?
It's actually quite normal.
Just two, three years ago, between 22 and 23, we saw an 8% decline from pick to trough in terms of housing market in Australia.
In 2018-19, after the apartment boom, we had a more 8% to 9% price falls.
in that cycle as well.
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