PHOTO: National survey of 1000 Australian adults in the property market
Home lending and property values are not the only things hitting a high point in 2021, with positive sentiment almost booming for those in the market, according to ME’s latest Quarterly Property Sentiment Report.
ME’s latest report, based on a national survey of 1000 Australian adults in the property market, was conducted in January, and showed a rise in positive sentiment across every state and territory, with Queensland respondents reporting the highest level of positivity.
Positive sentiment was at the highest level – and negative sentiment at its lowest – since the direct bank first started compiling its Quarterly Property Sentiment Report in 2019.
Both investors and owner-occupiers reported a substantial increase in positivity, with a rise in 15 and 17 percentage points respectively.
Additionally, almost three quarters of respondents “looking to buy” that were surveyed said stimulus measures such as HomeBuilder, first-home buyer incentives and record-low interest rates had made the notion of buying or investing in property a more attractive proposition.
Claudio Mazzarella, the bank’s Head of Home Loans and Personal Banking, said the record-high responses recorded were a reflection of the resilience of the Australian market and the range of incentives available.
Mr Mazzarella noted that challenges such as unemployment and job instability were still present but said the strong rise in positive sentiment and market gains were encouraging
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