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That crash should be annnyyy dayyy now.

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y0jimbo

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03/10/23

13:25

Post #: 70147480
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Originally posted by Bunn-Wackett: ↑

Affordability for property to continue to collapse and the bearish conditions for new entrants into the property market will continue to worsen as the bond market suggests.

The RBA has estimated that 15 to 20% of all Oz borrowers don't have enough income to pay the interest on their debts. They do have savings buffers which are predicted to run out in the 2nd half of next year. Given that markets are collapsing then those buffers will run out sooner rather than later and for lower income punters they may have run out altogether.

It’s grim unless the market can do a snap turnaround! Right now! Chances of that are Buckley’s… Gotta get inflation down and unemployment up, which will create its own issues, but that’s our best chance.

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That crash should be annnyyy dayyy now.
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