Australians now ‘really struggling’ to repay their mortgages 

Exactly correct.

It's not the banks....it's the interest rate not controlled by them.

​@@daniellurkin "its not the banks" hahah ok... RBA...sets the interest rate... banks pay politicians to influence policy which impacts the RBA... of course the banks are culpable.

RBA Reserve Bank Australia... ie: A Bank.

@@peterRobinson10101reserve bank

Hi my darling 🥰😘

Is that you on Canterbury Rd selling yourself? Bob smith a client? 🤣🤣🤣

Collect your 50 cents Zhao! 😂 Hope it's extra cold in the shelter tonight! 😘

@@larrylongprong5219 meeeow

​@@larrylongprong5219missing Bob Smith mate?

what happen in Thailand stays in Thailand, dont bring to Australia!

what happens when the parents die? capital gains....cant pay that. mortgage... default... mates father died yesterday. 90... turned his phone off today. already being hounded by real estate agents and "health services" trying to get the property sold and the mother tied up in a nursing home... and what about the aunt living there too?

@@paradiselost9946 sell the property, and off to Thailand!

@@xyzxyz4575 yeah, i wouldnt mind spending me old age racing rice tractors! no racetracks around here anymore... even eastern creek is destined fro the chop now. last time i saw bathurst they had filled it with housing... how long until they start crying about the "dangerous event" that was the reason those properties seemed so attractive in the first place?

Extremely situational- many would argue; Why should your parents be responsible for your accommodation? They’ve done their part let them get their lives back! Grow up

Not really…

​@@larrylongprong5219Your mate thinks So😂🌋

@@whiskeygamer9402 does he just? 🤣🤣🤣

And Gillard is happy that she no longer holds that title

@@larrylongprong5219no he is the worst prime minister, he clearly isn’t in control of anything

Many wont believe

Most people have’s got a clue what you are talking about. They are a Asleep 💤

@@purebloodnordicroamer7955 snooring at the wheel

and we are asleep at the wheel

Liberals went into power with 200 billion in debt, and doubled that within two years. 9 years later were 980 billion in debt when they hand over. Seems like we have plenty to blame them for.

True but liberals are the same

it doesnt matter who you vote for. voting does nothing.

But Labor voters blame previous governments for everything just like Albo does

Oh yeah that's really going to work. Lol😂

To put towards their next investment property of course..

😂…100

Spot on, glad I'm not the only one saying this

theres going to be no food... no petrol... homelessness is the least of the worries...

We have already entered into the BIGGEST Economic and Social collapse in recorded History. IT IS GOING TO BE UGLY.... There will be blood in the streets.. Soon there will be a run on the Banks and there will NOT BE A WARNING.. You will wake up one morning and go to the hole in the wall and you will be limited to $50 a day... And there will be a "withdrawal stall" on your savings... IF you do in fact have any saving..(which most of you DO NOT HAVE these days) Start selling your toys peeps while there is still a few Dollars around out there in the real world.. Oh and umm start storing food... SHORTAGES SHORTAGES SHORTAGES......... HAVE ALREADY BEGUN....

@@paradiselost9946 😫

In every country in EVERY city everywhere...

@@ThisIsMyCareFace 😫

Gauze Swab.

Unfortunately most people still think it's all a conspiracy. Most people don't care untill it effects them . Been warning people for 18 years of what's to come 😂😂

@@davidmckeown6313 Yes I agree. It's amazing how many people or zombies are still wearing those fake masks 😷, the absolute stupidity just astounds me. They sit in front of their Tell lie vision and lap it all up. Their whole existence in life is to be told what to do. I say they've handed their brain to the corporate Government so they don't have to make a decision for themselves. My God It's frustrating. These people will drag us all down with them into the black hole. Like a drowning person will drown their rescuer. 🤪🤦‍♂️. I refused to have that crap put into me and was told to leave my job after 37.5 years of loyal service, your just a number on a spread sheet. The union abandoned me too, they're all in on the poison to kill off millions of people. The criminals are in charge of this prison planet. 🤬 God help us all.

I know it’s sad 😢 o have friends in Canada 🇨🇦 🇺🇸 and Europe all struggling. But they still don’t know who the wef and Davos is!

@@HARDESHMAHAL That's right they're still sitting in front of that Tell lie vision.

Keeps the Ponzi going

That should be the case, yet it isn't. I know families with two working parents, no vices who struggle hard, after the essential bills are paid there's nothing left over for savings, vacations, recreation and entertainment This shouldn't be the case.

CAN'T WORK WITH INTEREST SLAVERY!

@@robertocolon5811 I N T E R E S T S L A V E R Y

Wages way to low

Why? Doesn't it depend on the value add you provide to your employer? Know your worth. If it is low, then why would you expect to own a house or even be able to afford a rental in the place you want to reside?

Albanese does what he is told to do..... All Australian Prime ministers do.. They always have... They always will.... Try using the internet for more than Fakebook Twits and INSTApersonalGRAMification... You have the largest Library in the world in the palm of your hand... USE IT.. research "something.." anything for that matter... We have entered into the biggest economic and social collapse in recorded History... and you are going to get caught with no Oil in your lamp.... now get to it.. research research research... I cannot help you any further.

It's called inflation, and it's an unnecessary evil created by central banks to rob you blind.

Your not saying Covud might have been deliberately 😂

It's inflation caused by the central banks, and it is an insidious hidden tax which robs you blind.

It’s the people’s fault that took the jab. We are still paying the reserve bank of for the Covid loans. Hence high interest rates.

It's sad bro the greedy all about me mindsets

Lots of car dwellers here 😢 in Adelaide. What state are u in?

If you didn’t have the jab, l have compassion for you.

@@myaccount9498 QLD

Don’t blame everyone else because you would rather hide your money away and play the victim . Rent a house like everyone else , you chose to live in a car

Wages haave to match else everything collapses

Not the RBA's fault that the liberals spent 900 billion dollars on nothing.

Central banks created this mess, and if you think not you don't understand the evils of central banking.

Actually they do.

Actually, it's the government that has no idea...

The RBA, along with all central banks globally, have been instrumental in causing both the inflation and deflationary depression.

Wage growth is the highest it's been in 15 years 😂 Where did you get your statistics from? Go on? Tell us?

Labor voters even shot their own foot too but I don't have any Sympathies for them😂😂

​@@whiskeygamer9402get a job.

Was the liberals who started it Howard jacked up immigration numbers and made policies that also jacked up rents

And all the "university students" coming to work. Do you think the Libs have nothing to do with that?

Most Australians are too Dumb to realise that 😂😂

ONE NATION for me

Oz will look like ghetto usa

How ? Its deducted from you automatically, where do you live Mars ?

@@ardshielcomplex8917 do your research we live under a false CORPERATE CONSTITUTION since 1973 thanks to WHITLAM he sold us out to the United nations changed our true Constitution without knowledge or consent of the people of Australia and every politician knowing swears there elleagence to the corperation all corrupt and treasonous

We have already entered into the BIGGEST Economic and Social collapse in recorded History. IT IS GOING TO BE UGLY.... There will be blood in the streets.. Soon there will be a run on the Banks and there will NOT BE A WARNING.. You will wake up one morning and go to the hole in the wall and you will be limited to $50 a day... And there will be a "withdrawal stall" on your savings... IF you do in fact have any saving..(which most of you DO NOT HAVE these days) Start selling your toys peeps while there is still a few Dollars around out there in the real world.. Oh and umm start storing food... SHORTAGES SHORTAGES SHORTAGES......... HAVE ALREADY BEGUN....

And that means no buying Taylor Swift and Woke AFL tickets 😂

@@whiskeygamer9402 that’ll be a start at least.

It’s Real estate agents that are the problem, it Literally is them pushing markets up. DYOR

All the kiwis coming over because it's cheaper housing, cheaper living food , gas. Even mortgage rates are cheaper in Australia than NZ Plus higher wages. Kiwis feeling like they won the lottery.

Absolutely correct.

It's interesting that the increase in house price inflation takes off just after the creation of the Reserve Bank.

Not everyone is struggling. I have no children, I'm in an entirely different position than others my age.

@@Poputnyk yep 👍 Having no kids is awesome Got a house, got holidays wherever whenever I want… never worried about job loss during Covid as I own the company Life is awesome 🤩 without kids Best choice I made 😎👍

Yep, seeing the same thing. Brisbane is busy. South East QLD is roaring.

@@Poputnyk IF you have no children by choice, you are sowing the seeds of our destruction. Muslim women often don't get a say in it, so they are breeding at rather more than twice the average for Australian women. Think about what they means in a few generations.

Lotto shops and the booze shops are doing well too.

💯

Liberals went into power with 200 billion in debt, and doubled that within two years. 9 years later were 980 billion in debt when they hand over. Seems like we have plenty to blame them for.

Obligatory, get a job.

@@wuper2270 Back for another bruising? Sicko.

​@wuper2270w⚓

​@@DumbinicPullwhen have you EVER won a single debate against me? A single one? I win every single time 🤣😂

And then what? People can’t even get a house to rent lol

30% on over a million dollars? Riiighhtttt

@@joebloggs24 There is a saying in Malaysia…..a little a day and eventually it will become a hill. Off course it is tough. Spending monies is a breeze…..saving monies is like ploughing a field !!!!!

Most people should pay less for property. Why accepting inflated prices? Just for thinking it will double every 5 years !!!!

Australian property prices shouldn't be anywhere near as high as they are

@@haythamalkhatib5051 Sydney and Melbourne was voted in the top 10 most livable city in the world. There are loads of people in the world who wants to live in Sydney and they will pay top dollar. Any Sydneysider can opt out …..they can live elsewhere. Supply and demand will keep the ball rolling. You say expensive ……someone else say decent value. Go to Plymouth in UK…..houses are dirt cheap because it is an old historical town that few wants to live in. You pay premium prices for premium product. Or go to Detroit in USA …..dirt cheap as well.

Actually 30 years.That though is not the whole story.Many Americans are doing it tough,& have had to releverage their loans;& at a much higher new mortgage price. Like us,& many other places in the world people are in dire straights. losing their jobs,& homes. At least though their house prices are much more sensible unlike ours which are totally absurd.

😮...I"ll try again despitefinishing my comment,as something wrong with this comment section ..Americans are doing it tough they have had to refinance their mortgages & at a new higher rate.Many in America,other places,& here are in dire straights,with people losing their jobs & homes.At least though in America the house prices are sensibly priced,not absurd like here.

Yep, the west exploited the east and used them as cheap labour for over a century. Now the shoe is on the other foot it seems more than fair.

I did need new speakers for my audio system..I want my neighbours to be able to listen to my metal like they are in the living room 😂

@@Prognosis__ I got jumped on by a 60kg bulldog today. His paws punched me in the guts! Thing was a tank.

@@larrylongprong5219 was it at work? You would have a few shovels about to fend it off

@@Prognosis__yeh.. was on my way back to the ute and the clients daughter just got home so the dog was there to greet her. Then it saw me 🤣 I was like ooooft! 😮 lucky it didn’t get my nuts🤣

@@larrylongprong5219 I'm out with mates later tonight. I feel really tired though. I have been eating junky food recently

Yes and PNG Football team that got 650M last week from ALBO

I'm thinking it's not the mortgage that's the problem but all the add-ons. Takeaway meals, the boat, the caravan, the jet ski, multiple subscriptions, the new car, the holiday, new clothes, new furniture, credit card repayments, running up energy bills, cry me a river.

What other choice did they have? They’d get thrown in a gulag otherwise

@@TheRubberStudiosASMR they could of not enjoyed it and got out and protests

@testicool1013.I agree people sitting at home during covid & getting paid to do so was disastrous for the Treasury coffers. Disastrous for the businesses crying out for workers - but still had to pay the rent.Disastrous for our Countries economy.Then again though, this has been going on since 1972,when a lot of people opted out & went on the dole... Whole generations of them! Unheard of during the Great Depresson,& WW War 11. People would be ashamed to take money for nothing.How things change.How did we get to this ?This Camelot of a lifestyle cost big $$ to Govts .We have had the lowest productivity in 60 years; those stats came out this year. Thats one big factor. Then house prices should never have doubled & tripled during covid; & oftentimes for shacks!Then too the Dept of Housing raised land values outrageously,& poor pensioners carn't pay their rates!!? Our house prices have the dbious honour of being now the highest in the world & absolutely absurd.Then the phoney promise of no % rises til 24- straight after America lifted theirs?! Then what? 13 sudden crippling % rate rises in a row..?!? Now,people are losing their homes ,& businesses are going to the wall. Where was the foresight with all of this?All the marker's are there with all this debt with Govts,& people for something far worse than "29".What will the Govt & the ATO do to reclaim all this lost revenue from fallen businesses,& more people having no where to call home?