It’s no secret that Australia is experiencing a downturn within the property market. However for Aussies who personal their very own dwelling or have a mortgage, there’s worse information. Many imagine calling it a downturn is foolishly optimistic – the hunch we’re in is extra like falling off a cliff. 60 Minutes speaks with actual property and finance specialists who predict property costs may slide by as a lot as 40 per cent within the subsequent yr. And in the event that they’re proper and numbers like that eventuate, there’s just one certainty: our complete financial system faces disaster (2018).
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For forty years, 60 Minutes have been telling Australians the world’s best tales. Tales that modified historical past, our nation and our lives. Reporters Liz Hayes, Allison Langdon, Tara Brown, Charles Wooley, Liam Bartlett and Sarah Abo look previous the headlines as a result of there may be at all times an even bigger image. Sundays are for 60 Minutes.