Buyers abandon Australian property

This week's Macro & the Mortgage Podcast with Leith Van Onselen from MacroBusiness. and Catherine Cashmore from Land Cycle Investor examines the accelerating decline in Australia's housing market, as evidenced by falling prices, crashing auction clearance rates, and a surge in listings. We also answer a range of viewer comments and questions. Follow Catherine Cashmore at Land Cycle Investor: https://www.landcycleinvestor.com/ Follow Leith Van Onselen at MacroBusiness https://www.macrobusiness.com.au Time Stamps: 0:00 Introduction 0:20 Buyers' budgets are being crushed 3:20 Surge in listings 4:20 Biggest decline in 40 years 6:30 Recession coming 7:44 CGT and NG changes exacerbate the downside 11:00 5% deposit scheme buyers will suffer 15:50 This week's housing data 20:18 Interest rates to remain on hold? 24:01 Nobody seems happy with the budget 28:36 Will NG and CGT changes drive up rents? 30:17 Migrants drive up rents more than prices 36:33 Nobody is rushing to develop new homes 37:50 Bracket creep is killing workers 41:53 A real-world example 45:18 Labor will use bracket creep as an election bribe 47:55 How government hides its budget deficits 51:22 Property investors are 'under-renting' their homes. 58:18 Is property investment "productive" for the economy? 1:04:20 Should all mortgage interest be tax-deductible? 1:07:15 The last time investor borrowing capacity was slashed. 1:09:19 AFR spins migrant housing impact 1:17:03 LVO's a "has-been" 1:19:30 Outro