Episode Details

Housing market fears are mounting as experts warn tens of thousands of new homeowners could face negative equity—owing more than their homes are worth—especially those who bought between October and February. With prices dropping and interest rates climbing, many are trapped in a “mortgage prison,” forced to either sell at a loss or keep paying. Global instability and domestic economic pressures fuel the downturn, but the Treasurer sees it as a necessary correction to boost affordability for first-time buyers. Experts urge patience, recommending a long-term hold of 3–10 years to ride out the dip and ride the rebound.

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