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Property Buzz: Is the property market starting to crack?
A government bailout, banks fighting harder for borrowers, and buyer activity falling: Australia’s property market is showing cracks as economic pressure starts to build.
On Property Buzz, Phil Tarrant and Liam Garman tackle the government’s decision to support the Tomago aluminium smelter, questioning whether taxpayer money should be used to rescue struggling businesses.
The conversation then turns to property, including the growing debate around third-party trust accounts and what a recent NSW court case could mean for the industry.
The pair also look at banks ramping up refinancing offers and cashbacks as mortgage volumes soften, while buyer activity and property prices come under pressure across parts of the country.
They then discuss whether a deeper property correction could spill into the broader economy, including household wealth, consumer spending, and the prospect of future rate cuts.
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