Worrying sign for Aussie house market

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A new survey has unveiled a concerning trend in the Australian property market, with the findings particularly bad for first time buyers.

Finder analysed data collected from more than 24,000 survey respondents to uncover its Property Positivity Index.

Finder’s head of consumer research, Graham Cooke, said property confidence had been a rollercoaster during the past 12 months. “Both the rock-bottom cash rate and FOMO have turbocharged prices, but fears of a property bubble are making many Aussies pessimistic that now is the time to buy.” The panellists were torn on whether first-time buyers who had saved a deposit would miss an affordability window if they did not purchase within the next year.

 

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We needed a survey for this? My son, as did many of his friends. kissed his dream of owning his own home goodbye few years ago.

The government needs to stop all international investment in property and remove Chinese investors from the market and see those houses to diary home buyers under market value

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