Don't Touch My House! Why Homeowners Don't Want to Let Go of their Home 

Don't Touch My House! Why Homeowners Don't Want to Let Go of their Home
Things are tough in today's market environment for the average homeowner, with rising interest rates and the household savings ratio at very weak levels...
But even with all this doom & gloom, people aren't selling their houses, and property prices don't look like stopping anytime soon!
We all love to analyse data, trends, and machine learning but sometimes it's best to re-centre and consider the perspective of the average Australian homeowner.
And today's episode is all about that.
How to understand Australian housing on a deeper level, beyond the spreadsheets and data.
Housing isn't just an investment vehicle that rises and falls in value.
For most Australians, it's a home, it's memories, security, and safety.
And so, to better understand what drives markets and the average homeowner, we need to strip back the noise and look deeper into why Australians love their homes.
CHAPTERS:
00:00 - Introduction to Current Economic Climate
02:27 - Understanding the Human Psychology of Housing
04:23 - Impact of Investor Sales on the Market
06:30 - Financial Decision-Making During Tough Times
08:48 - Banks' Interest in Homeownership
09:41 - The Rental Market Dynamics
11:16 - Importance of Homeownership in Australia
12:07 - People's Attachment to Their Homes
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Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.