‘Declining’: Australia’s ticking time bomb
After the largest and fastest rise in mortgage rates in Aussie history, the shine has started to come off the Lucky Country’s fortunes.
After the largest and fastest rise in mortgage rates in Aussie history, the shine has started to come off the Lucky Country’s fortunes.
Australia’s cost of living crisis is in full swing – and it’s about to get even worse from today, with a brand new price hike kicking in.
It’s an argument older Aussies love to trot out again and again – but it’s only telling part of the story, and younger people have had enough.
Australia has been able to dodge a technical recession for almost three decades – but alarmingly, our luck could be about to run out.
It’s never been easy, but a new analysis reveals a sad truth facing average households hoping to buy a slice of the Australian dream.
Things are going from bad to worse for the economy thanks to 12 brutal rate rises and skyrocketing inflation – and it could take years to fix.
Phil Lowe’s simplistic answer on how to take the pressure off the housing market may be partially correct but the situation requires a more nuanced approach.
While rents might actually be falling in some parts of the country, there’s a grim sign the crisis is just getting started in others.
House prices may not have plummeted – yet – but there’s another disaster looming in the market that could be about to change everything.
There appeared to be some light at the end of the tunnel for cash-strapped Aussies – but all signs point to a big crash back down to earth.
Original URL: https://www.news.com.au/the-team/tarric-brooker/page/10