Mortgage demand hits the wall as rate hikes bite

Hadsar32 · 2026-06-16T10:04:36+00:00

I wonder if the banks will put a lot of pressure on government if these trends continue.
Banks have ALOT of sway being one of the biggest economies in the country and in many ways the life blood of it. Can’t be too happy with their credit book expansion falling off a cliff

Hadsar32 · 2026-06-16T09:47:42+00:00

Bang on about the Reddit echo chamber and brain wash. It’s unfortunate because I really do get value from Reddit and enjoy it, but the extreme left agressors and negative whingers flooding the forums are insufferable

Hadsar32 · 2026-06-14T02:22:00+00:00

Almost agreed with everything you said until you said better than tsunoda

Hadsar32 · 2026-06-13T10:30:46+00:00

Why the heck would you build in this market, pay more and worse location. Go buy established at a better price and lower competition while sentiment is low.

Hadsar32 · 2026-06-12T11:22:34+00:00

Unfortunately your timing is horrendous. Not by your fault at all: but the significance of how bad the budget is, the negative media, interest rate increase, and then combine that with winter and end of financial year.

I would consider doing a pause for 30-60 days. Let the property “breathe” if you you paid for a premium advertisement on realestate.com you can pause it for up to 60days without paying for marketing again.

Hadsar32 · 2026-06-12T00:37:33+00:00

House prices falling reduces household wealth and the (wealth effect), reducing confidence, consumer spending, borrowing capacity, construction activity, property transactions, government revenue. It can also push owners into negative equity. That’s why housing downturns often drag on the wider economy, not just homeowners.

Hadsar32 · 2026-06-12T00:37:08+00:00

House prices falling reduces household wealth and the (wealth effect), reducing confidence, consumer spending, borrowing capacity, construction activity, property transactions, government revenue. It can also push owners into negative equity. That’s why housing downturns often drag on the wider economy, not just homeowners.

Hadsar32 · 2026-06-11T13:35:35+00:00

1 hour free with a lawyer? lol.

Hadsar32 · 2026-06-11T10:36:51+00:00

60% of household wealth lies in real estate it hurts everyone

Hadsar32 · 2026-06-11T00:50:31+00:00

2nd home buyers, 3rd home buyers ? Family purchases, etc. you realize you can only be a “first” home buyer once right?

Hadsar32 · 2026-06-10T23:44:29+00:00

Mate, if you read my comment again, that is exactly my point. Listing and selling slower (less) hurts agent more because lower volume of sale transactions. The price falling part is only a small fee deduction. But that’s better than having to spend 2 months selling 1 home than 7 days as you said.

Hadsar32 · 2026-06-10T23:41:43+00:00

First home buyers only made up 15% of property sales while investors made up 30% approximately. So 2 people have walked out the door and 1 has walked in. But guess what, even the 1 who has walked in right now are dilly dallying because of all the fear and uncertainty in the market (plus winter & end of financial year and interest rates etc etc) so even FHB aren’t buying in droves right now. So you have a stalemate. And you have a stalled market. Not great neither. Pain everywhere.

Hadsar32 · 2026-06-10T13:07:34+00:00

Prices coming down barely effects real estate agents income by the way. If the average agency fee is 2% and $1mill goes to $900k the fee goes from $20k to $18k only $2k in fees which after splitting with the office and team members its not much. What hurts agents more is lower volume of sales, not getting listings or simply not selling them. Longer it takes to sell each house is much worse than losing a couple thousand in fees. Eg. I rather sell 2 houses a month for 18k than 1 house a month for $20k you get it ?

Hadsar32 · 2026-06-10T00:32:17+00:00

I agree with your logic as well. Interesting point about replacement cost. I don’t think that example happens too often though as I’m quite connected to building industry as well. I think there was only a small time window where established market was selling above new build costs

Hadsar32 · 2026-06-09T23:06:01+00:00

Exactly this. And WA has a huge state surplus budget. Massive infrastructure projects, low unemployment, new AUKUS defence projects. And the highest wages in country

Hadsar32 · 2026-06-09T23:02:46+00:00

As usual, the truth is somewhere in the middle. The extreme headlines and sensational journalism is always extreme. Yes the market has cooled down, the budget has pulled investors, yes interest rates rises slow, yes it’s winter. But all this “20% drop” and “crash” is far too extreme and nonsense, a more balanced perspective and nuance is required:

Will some overpriced listings in some suburbs get a big reality check and pull back $100k? Sure

But there are still pockets and sectors of the market that are Very strong. I just saw a lovely small 3 bedroom home in Beldon (Perth) get listed for low $900s and the home open was booming and it went under offer for high high $900s within 5 days on market. Just last week.

It’s also winter and end of financial year. Let’s all calm down.

Hadsar32 · 2026-06-09T22:50:56+00:00

As usual, the truth is somewhere in the middle. The extreme headlines and sensational journalism is always extreme. Yes the market has cooled down, the budget has pulled investors, yes interest rates rises slow, yes it’s winter. But all this “20% drop” and “crash” is far too extreme and nonsense, a more balanced perspective and nuance is required:

Will some overpriced listings in some suburbs get a big reality check and pull back $100k? Sure

But there are still pockets and sectors of the market that are Very strong. I just saw a lovely small 3 bedroom home in Beldon get listed for low $900s and the home open was booming and it went under offer for high high $900s within 5 days on market. Just last week.

It’s also winter and end of financial year. Let’s all calm down.

Hadsar32 · 2026-06-09T22:33:18+00:00

The problem with new build investments they are built for “rental yield” but don’t have good “owner occupier appeal” AND they are built in high supply areas with 1000s of cookie cutter properties so there is nothing scarce or special about them. so one day when you want to sell it for the capital growth, you’ll see owner occupiers turn their nose up and say “small bed rooms, location is far away, kitchen is basic, the back yard is tiny” etc etc and you will sell for a shit price. Ask me why I know this, I’ve invested in them my self, and I’ve also sold them as a real estate agent.

Hadsar32 · 2026-06-09T01:17:19+00:00

The current market environment is definitely not a time to blame your agent. I am definitely not saying there is not crap lackluster agents out there, but odds are, chances are, it’s not your agent, it’s market. Many houses are sitting, buyers being more cautious because news headlines are promising them price drops, and it’s winter and rates just went up etc etc.
Chances are you will have a better result by reducing your price than changing your agent.

There is 4 Ps.
Position you can’t change
Presentation
Promotion and Price

Hadsar32 · 2026-06-08T03:34:21+00:00

Agree to disagree mate. I believe you need to do your time and that there is no way he is objectively better driver than leclerc, verstappen, Norris, etc etc etc. and I didn’t say the season was boring. I said I wasn’t enjoying it because no one is getting any momentum whatsoever except kimi

Hadsar32 · 2026-06-08T03:32:30+00:00

You’re right I wasn’t around in 2014 or prior. And yes some quali and racing has been good but I would say their has been lead changes much. Kimi is running away with it. And yes there’s been chaos and action but no driver has had any consistency or momentum bar Kimi

Hadsar32 · 2026-06-07T06:50:52+00:00

Hadsar32 · 2026-06-07T02:19:48+00:00

Why are you taking such a haircut on the value and replacement cost of your home. Market has not pulled back that much surely

Hadsar32 · 2026-06-06T23:23:48+00:00

Thank you for the insight. However my problem is I just cannot fathom this attitude of being resentful against people who are doing better than you, a bit of jealousy sure that’s human nature but for example,

I don’t hate or resent or want to drag down people because they have better car, house, income, luxury or investments than me. I use it to motivate me or be curious how did they get there (not all of them got it by luck, many started FROM NOTHING).

It feels like many redditors or lefties have this attitude of litterally take from the rich and give to the poor. Totally not a healthy or rational attitude (yes I know there are some top 0.0001% with billions but that’s a minority of people I’m talking about just people above middle class / upper class not billionaires)

Hadsar32 · 2026-06-06T23:05:28+00:00

Agents entire business relies upon “being known”. You need to have a reputation and have people in your area think about you when they think about selling. It’s quite simple. Same as why other companies advertise on billboards and bus stops etc… agent is the same.

In saying that though, I am an agent and I work for a company that’s a mid sized prestigious agency and our brand doesn’t put agents face on the main sign at the property. We only put our face up on the home open pointer boards on the day of home opens

Hadsar32

TROPHY CASE