The Role of Rates for Australian Housing

Published on
December 19th, 2019
48 minutes

The Role of Rates for Australian Housing

The Interview ·
Featuring Dr. Nigel Stapledon and Joe Walker

Published on: December 19th, 2019 • Duration: 48 minutes

In this in-depth discussion on the Australian housing market, Dr. Nigel Stapledon of The University of New South Wales sits down with Joe Walker of The Jolly Swagman Podcast to provide a historical perspective of the housing boom and to examine the supply and demand forces over the past 50 years. Dr. Stapledon breaks down the relationship between interest rates and key valuation metrics, such as price to rent ratios, and explains why the next 20 years for housing prices will look extremely different than the past 20 years. He discusses his outlook for 2020 and analyzes where Australian housing prices are headed next. Filmed on December 3, 2019 in Sydney, Australia.



  • PB
    Paul B.
    1 April 2020 @ 22:23
    We have an oversupply here in Australia...Literally no lights on...The Foreign Owners Property's are all speculative. Given the shit fight around the world, there will be very big competition for attracting Renters...Rents will go down along with Prices.....3 Million Plus Property's will go down over 50%...The investors will be forced to exit in 9 months time. Little to no rent with the average over leveraged Australian means failure to even service an IO loan, forget a P&I
  • MW
    Marcus W.
    7 March 2020 @ 12:50
    Complete waste of time.
  • TS
    Tom S.
    22 December 2019 @ 04:51
    Oh yeah - I forgot - "its different here"...
    • DM
      Darius M.
      7 January 2020 @ 12:14
  • JS
    Johannes S.
    19 December 2019 @ 21:24
    I thought this was Housing Week, not Australian Housing Week? What is the state of housing in the US, UK, Germany, Hong Kong, Dubai?
    • la
      luis a.
      20 December 2019 @ 11:05
      its dumb week
    • CL
      Claudio L.
      5 January 2020 @ 12:12
      Local knowledge mate.
    • DM
      Darius M.
      7 January 2020 @ 12:13
      This is a perfect example of excess, regulation and other factors. change the name to Hong Kong or uk or Canada for that matter and it's would be easy to overlay all these factors discussed to those markets.
  • MV
    Mark V.
    31 December 2019 @ 00:01
    Absolutely spot-on analysis. When people go for a loan they don't wonder about the GDP of a country i.e. a notional debt/GDP ratio, they want to understand serviceability over the term of the loan which in turn is a proxy for NPV.
  • JS
    John S.
    25 December 2019 @ 19:37
    really enjoyed this one.Good interview Joe.
  • la
    luis a.
    20 December 2019 @ 02:13
    who cares about small australia ??
    • JL
      James L.
      22 December 2019 @ 12:01
  • AS
    Anthony S.
    19 December 2019 @ 10:57
    My biggest ask for real vision: please add the ability to just listen to without having the app open. Great content!
    • MK
      Michael K.
      19 December 2019 @ 11:43
      Try to exit the app, then swipe up and press play. It pauses and then you can launch and listen on headphones or close down the phone.
    • BB
      Brooks B.
      20 December 2019 @ 15:29
      That worked! Thanks Michael.
    • MP
      Mentor P.
      21 December 2019 @ 16:56
      If you download episode audio you can listen to it with the screen off by default.
  • CH
    Charles H.
    19 December 2019 @ 19:34
    After acknowledging that Australia is an open economy, exposed to global risks, there was no consideration to risks of global shocks, currency devaluation, the structure of wholesale foreign credit, rise in retail rates independent of RBA policy, or credit shocks to the property market? Minimal consideration of the Australian markets outside Sydney as the exemplar case? People living in Sydney often find it hard to fathom that Australia is not just a Sydney hinterland. I enjoyed the discussed, which contained some gems, but it still seemed to be quite parochial.
    • MW
      Marcus W.
      20 December 2019 @ 12:30
      Thanks Charles. Glad someone else picked up on that. There was zero mention of public or private debt. zero macro and GEO political. I think I would have gotten more out of the interviewer being interviewed.
  • DR
    Dave R.
    20 December 2019 @ 11:09
    Great piece - good work
  • JE
    James E.
    19 December 2019 @ 20:27
    Great discussion, easy listening.
  • TT
    Trenton T.
    19 December 2019 @ 14:20
    As a former resident of Brisbane, I must say the Australia housing market theme has been overdone thos week. The whole country has a population lower than the largest 5 cities (individually!) in the hemisphere. How about a piece on one of those?
    • bm
      brian m.
      19 December 2019 @ 15:43
      Australia has a significance beyond its population due to its GDP, Location and the commodities it produces.
  • RD
    Ray D.
    19 December 2019 @ 07:00
    Get Phil Lowe, Reserve Bank Governor on RV to explain his logic connecting rising home prices with wages and gdp growth
    • AK
      Alexander K.
      19 December 2019 @ 11:08
      Head of any other Reserve Bank in Europe or USA would do the job as they all run the same policy on this particular question: a trickle-down economics gospel married to Keynesian demand stimulation.