Sally Tindall

I do think it'll start dropping back in July, but there aren't huge signs that we're all cracking under pressure just yet.

No, we're not there at the moment.

I mean, I guess the good thing is that, you know, rising cash rate is happening against a backdrop of, you know, unemployment levels that haven't been seen in decades.

You know, we're sitting at 3.5 and forecast to drop even further in the next set of data.

So, you know, it is actually a good time to get a job, particularly if you lose your job, you can ideally find another one.

Regardless of what the environment is, if you are thinking about being a guarantor for your children or if she's on the other foot and you're someone that's hoping to get into the property market and asking your mum and dad to step up for you, then it's a really good conversation to have.

People need to understand what they're committing to when they do sign on as a

can't make the mortgage repayments the bank will turn to you to step up and make it for them and that can put a strain not only on both sets of finances but also on that relationship and so it's really a good idea to get independent financial advice and independent legal advice before becoming a guarantor.

It's interesting to see property prices at the moment.

Certainly Sydney and Melbourne, they've been dropping for a number of months now and that trend is very clear.

You only have to go to an auction and see it get passed in in Sydney to know that clearance rates and prices are on the decline.

Adelaide has held its ground so far.

The latest CoreLogic figures show that it was up 0.4%.

in the most recent month.

Year to date, Adelaide property prices, they're up 11.6%.

But I do think we're sitting on the cusp and the tide is turning for Adelaide in particular, that we could start seeing drops in Adelaide in the months ahead.

Certainly, NAB's latest economic forecast shows that Adelaide is set to rise 9%.

from the beginning of 2022 to the end of 2022.

But as I mentioned, Adelaide's already up 11.6%.

So that actually suggests that it's going to fall 2.6% in the remainder of this year.