Michael Read

In this engaging discussion, Michael Read, economics correspondent for the Financial Review, shares his insights on the Reserve Bank's recent interest rate cuts and their implications for the housing market. He explains how historical trends suggest that when rates drop, property prices often spike dramatically. Read touches on the anticipated 10-15% increase in housing costs, the challenges faced by first-time buyers, and the impact of global economic changes on local markets. He also reflects on the important role of government support in making housing more affordable.