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

Even if you're a personal buyer, you have to have a 5% deposit and prices haven't fallen by 5% yet.

Yes, it will over the next financial year, but so far, I don't think it is a concern.

And second of all, I think that when you have a 20% deposit, which is the case for the vast majority of people, we don't foresee a 20% house price decline over the cycle in Australia.

So for most people, I don't think this should be a concern even in the next 12 months.

For first-home buyers, which got into the market over the last few months with the 5% deposit scheme that has been expanded recently by the government, I think it is definitely more of a concern.

And I think this has been the focus from the media over the past few weeks or so.

Yes, it definitely is a bit of a concern for me, especially in terms of Sydney and Melbourne.

But...

Again, you know, you, you, you purchase economists.

We always say, but there's always two sides of the story.

Number one, I think if you, you buying that place to live in, I don't think that negative equity over the short term should be a concern to you because again, you're still paying for somewhere for you to live.

It's not an investment.

It's more of a concern if it's an investment property.

And if you're buying to live somewhere, then the support of the housing market is actually the labor market, which remains quite okay in Australia.

If people still have jobs, that means they can still service their mortgage.

And look at the unemployment rate in Australia.

It has gotten a bit higher lately to 4.5%, but that's actually much lower than the pre-pandemic average between 5% and 6%.

Overall, the labor market is still okay, wages growth is still okay, and that means people can still service their mortgage.

And then one final point in terms of negative equity that I kind of want to mention is that, yes, it might be the case in certain suburbs, in certain segments of the market, particularly in Sydney and Melbourne, but it will be a temporary dip.

So we do see national prices fall.

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