Andy Fenton is joined by property expert Sammy Saggers (The Australian Property Game) to dissect the biggest issues in finance and real estate this week.

They tackle the media's "affordability" clickbait, debating whether Australia's youth can truly afford property, and expose the massive, unintended consequence of government-backed first-home buyer grants, which have caused property prices to spike almost immediately. In a stunning exposé, they reveal a multi-billion dollar banking failure that affects homeowners across Australia. Finally, Sam breaks down the state government's new, unprecedented policies to boost housing supply through rezoning for duplexes and granny flats, and why this represents a huge, though risky, opportunity for property investors and developers.

• The $307 Billion Banking Scandal: APRA has launched a major audit into all six big banks after discovering that they failed to link billions of dollars in customer offset accounts, meaning customers were incorrectly charged interest.


• Affordability Policy Backfires: Analysis of the Federal Government’s 5% deposit/guarantee scheme, which critics argue has already caused the cost of property to jump by up to 6% in just one month for the target price range.


• The "Black Friday Inheritance": They explain how the 5% deposit scheme is seen by some parents as a "half-priced sale" or "Black Friday inheritance" to help their children buy a home, rapidly increasing demand.


• The 'Youth Can't Afford Property' Myth: Debunking the pervasive media headline, arguing that opportunities exist, inflation will normalize the market, and a massive intergenerational transfer of wealth is inevitable.


• Investor Lending Crackdown: Discussion on APRA's concerns over high investor lending, leading to Macquarie Bank closing its trust and company lending model.


• Massive Supply-Side Opportunity: Breakdown of new state government "Pathways Programs" to increase density, including:
  
  
  
  • NSW Duplex Rezoning: A new code allows for building two dwellings on one title (a duplex) on nearly every 400sqm block in Sydney, Wollongong, and Newcastle.
  
  
  • Free Government Plans: The government is providing architectural working drawings for duplexes for as little as a dollar to reduce cost and time.
  
  
  
  


• The Problem is People, Not Property: Sammy Saggers' final wisdom is that "property is reliable," and the challenge lies in the "human being," emphasizing the importance of education, building a good network, and being in the market for the long term.