Buy now or wait? The property market with Westpac's Carolyn McCann

By TODAY

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Property prices are falling, but higher interest rates are squeezing borrowing power. So, should you buy now or wait? Westpac’s latest Home Ownership Report reveals buyers are holding back, waiting for rates to settle or prices to fall further. But how do you weigh that uncertainty against your own circumstances? Sylvia Jeffreys is joined by Westpac’s Chief Executive, Consumer, Carolyn McCann to discuss what the bank is seeing from buyers and borrowers — and the options available whether you’re saving for your first home or trying to keep up with repayments. In this episode: - Why first-home buyers are holding back — and whether you can time the market - What negative equity means if you’ve bought with a small deposit - How to ask your bank for a better rate and access mortgage support - Where Westpac’s economists expect property prices to head next

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