Nerida Conisbee
speaker
255 appearances
2 recordings
2 series
first heard Feb 2022
last heard 5 May
Nerida Conisbee’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
I mean, if you look at who isn't impacted by rate rises, it's mainly older Australians and primarily because they own their own homes and possibly own investment properties as well.
So, you know, someone at retirement is probably, in some cases, they're actually benefiting from higher interest rates because... Sure.
The other thing too is that the Reserve Bank doesn't need to move much on interest rates because compared to say the early 80s, people have just got such much higher levels of debt.
So even a small nudge upwards has quite an oversized impact on people with mortgages.
I would say, I mean, it's usually been, it's always been a third.
A third of people rent, a third of people own property and then own outright, and then a third of people have a mortgage.
I guess what better data is showing is that fewer people will own property outright.
In the future.
In the future.
And then on the other hand, more people are going to be renting.
as well and then the mortgage you know more people with mortgages so I think you know that's it is a clear trend I think the idea that you get to retirement and paid off your mortgage I think for a lot of household is quite foreign now whereas in previous generations it was a very normal thing to do is to have paid off your mortgage by your 50s perhaps.
Again, it's hard to... I mean, if they remain renters...
Yes.
Will then more people have paid off their homes?
I think probably not.
I think that's probably not the way that it's expected to move because people have much higher levels of debt now and are increasingly finding them much more difficult.
I mean, also banks are really extending loan terms.
I mean, if you have a look at CBT,
They've moved from what used to be a pretty standard to get a 25-year loan.
It's now 30.
Showing 61–80 of 255 · page 4 of 13
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