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The Grant Williams Podcast Ep. 58 - Matt Barrie - FULL EPISODE

The Grant Williams Podcast

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The Importance of Government Intervention in Residential Mortgages

In Sydney, 62% of household income is required to service a mortgage. That's within just rates where they are now, which were the policy rates at the point one. Back in 1982, when just rates were 17%, it only took 44% of household incomes to service them all. And you just wonder that how does it all add up if 62% of the household income is needed to service the mortgage? At some point it's all going to break. And I just get this feeling it's going to be barely soon.

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