Part 2. Brendan Coates, Economic Policy Program Director of the Grattan Institute and Burgernomics host Ross MacDowell discuss the history of Australian housing booms and their subsequent busts. After a bust what is negative home equity, how do the banks react to mortgagees with negative equity - do they make you sell up? What is the current risk of a housing crash? The future of mortgages.
Want to dig deeper? Check out what Brendan recommends.
A Model Of The Australian Housing Market by Saunders & Tulip
https://www.rba.gov.au/publications/rdp/2019/2019-01/full.html
Housing Affordability. Re-Imagining The Australian Dream by Daley & Coates
https://grattan.edu.au/wp-content/uploads/2018/03/901-Housing-affordability.pdf
