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this post was submitted on 28 May 2026
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that's the neat part. People living in their houses ain't gonna get screwed. People trading them like pokemon cards are.
Depends how Aussie mortgages work - if they’re lifetime, like America, sure, you’re fine.
If you’re supposed to remortgage after 2 or 5 years like most British ones, a crash can leave you unable to do that as the property is worth less than the mortgage amount, so you end up stuck on the default rate which is usually terrible.
Yeah nah, the Aussie ones don't work like either of those.