“It’s hectic....and this is our first week because we just know that it’s going to be so hard. It’s a bit more desperate this time around.In the past 12 months, rents have surged at a record-breaking pace as international borders reopened, overseas students returned and migration resumed pushing up demand.
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The uncomfortable truth about Australia’s rental crisisThis week in The Fin podcast, reporter Michael Read on what has caused this rental squeeze, how it’s affecting the economy and what’s being done to fix it.
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Could the US banking crisis head off an Aussie mortgage disaster?A US banking crisis bailed out over-indebted Australian home owners once before. Is it about to happen again, asks Michael Janda. Well if the banks go arse up there will be a contagion affect as everyone will want their money as everything is interconnected. Once that happens watch the job losses mount and those with mortgages have to sell. It won't be pretty. The best strategy is to just pay cash Reserve bank will do everything in its power to protect the property Ponzi. Buy gold and silver. Stock up on vegetable seeds.
Source: abcnews - 🏆 5. / 83 Read more »