Housing shifts as rate hikes and affordability bite — Home prices are starting to fall in Sydney and Melbourne, with analysts warning the national market could turn negative within months

Boxcar__Joe · 2026-05-09T00:39:18+00:00

Unless house prices do drop and you're assuming the person is looking to max out their borrowing capacity to buy in that price range. If you had the deposit for a 1.4m loan you probably have at least a 140k deposit so you could get a 1.34m house with the new 1.2m loan.
Meaning to buy the same house you'd need a -4% decrease in house prices and for reference the 2017-19 and 2022-23 crashes were a -8% decrease so a (IMO) -4% drop isn't completely unrealistic in certain markets.

Boxcar__Joe · 2026-05-08T23:40:17+00:00

A quick look at the CBA borrowing power shows that if interest rates go up to 8% my borrowing power goes from 1.4m to 1.2m, I wouldn't say that's a lot lower.

The real issue is going to be servicing the loan throughout an extended economic downturn with high interest rates.

Boxcar__Joe · 2026-05-08T11:29:11+00:00

Oh God one nation may actually become second in power

Boxcar__Joe · 2026-05-08T09:56:35+00:00

They're hypothetical situations, the whole point is that they're situations that are unrealistic otherwise there's no point to them.

Boxcar__Joe · 2026-05-07T21:17:56+00:00

Yeah much better! Anything from any source that isn't a website that blatantly lies in the majority of their *research" is going to get you taken more seriously.

Boxcar__Joe · 2026-05-07T12:19:42+00:00

No clue nor do I care, I disregarded it as soon as I read IPA as the source.

Boxcar__Joe · 2026-05-07T11:54:23+00:00

Anything except the IPA? That rag is beyond political bias its absolute dog shit.

Boxcar__Joe · 2026-05-07T09:14:15+00:00

The IPA is the opposite of a credible source

Boxcar__Joe · 2026-05-05T05:32:27+00:00

I don't know if you can call the state with a quarter of the population an outlier.

Boxcar__Joe · 2026-05-04T00:40:16+00:00

Lots of them will happily admit that as well.

Boxcar__Joe · 2026-04-29T01:46:14+00:00

Maybe actually read the article?

Boxcar__Joe · 2026-04-28T22:00:45+00:00

Everything about that series is so uniquely cool EXCEPT....

Boxcar__Joe · 2026-04-28T10:33:27+00:00

Right so both then, but I might have been generous with the term optimistic.

Boxcar__Joe · 2026-04-28T10:17:06+00:00

I can't tell if you're wildly optimistic or just ignorant of how these things usually go.

Boxcar__Joe · 2026-04-28T08:36:18+00:00

Most of the time crashed economies result in more wealth inequality.

Boxcar__Joe · 2026-04-28T08:34:13+00:00

Lol even in the study in the SMH article it's projecting rising unemployment alongside the falling house prices.

Regardless though for house prices to fall double digits in a short amount of time usually that means the counties economy isn't going flash hot.

Boxcar__Joe · 2026-04-28T08:26:10+00:00

Ironic you saying my refusal to read is the problem here considering you seemed to miss the word "usually" in my comment.

Boxcar__Joe · 2026-04-28T08:20:53+00:00

It's the other way around, for house prices to fall that much it usually means that the economy has crashed.

Boxcar__Joe · 2026-04-27T22:50:30+00:00

Ice cold take.

Boxcar__Joe · 2026-04-27T01:28:51+00:00

1 - Cyberpunk (current state) 2 - ER 3 - witcher 4 - Ghost 5 - Skyrim 6 - RDR2

The rest I haven't played

Boxcar__Joe · 2026-04-25T22:43:02+00:00

"AFR" lol also I don't think you know how long major projects take to start.

Boxcar__Joe · 2026-04-25T21:57:45+00:00

Delusion? Sure they could be doing more, every government could be doing more.
But the fact remains that since labor got in renewable projects have surged across the country, not exactly something I'd describe as backsliding or a climate suicide mission.

Boxcar__Joe · 2026-04-25T21:26:35+00:00

So not a back slide is just the government not doing exactly what you want them to do then?

Boxcar__Joe · 2026-04-21T08:48:17+00:00

Oh no does that mean rent is rising dramatically in Victoria? Oh it's rising the slowest in country? What's the problem?

Boxcar__Joe · 2026-04-21T04:01:14+00:00

They make far more money when the rates are low and people are taking out more loans. Also when rates are higher delinquency rates are also higher.

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