{"id":35411,"date":"2021-11-02T09:24:29","date_gmt":"2021-11-01T20:24:29","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=35411"},"modified":"2021-11-02T09:24:29","modified_gmt":"2021-11-01T20:24:29","slug":"worrying-stat-about-aussie-home-buyers","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/worrying-stat-about-aussie-home-buyers\/","title":{"rendered":"Worrying stat about Aussie home buyers"},"content":{"rendered":"

PHOTO: Home buying sentiment has fluctuated wildly pre and post Covid lockdowns.<\/strong><\/p>\n

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Buyers are taking a wait-and-see approach according to recent data that reveals only a third of house hunters feel now is the time to purchase property.<\/p>\n<\/div>\n

Just 35 per cent of Australians think it is a good time to buy, according to Finder\u2019s Consumer Sentiment Tracker survey \u2014 the lowest level of property positivity since the comparison site began the monthly study two and a half years ago.<\/p>\n

The report\u2019s Property Positivity Index has continued a downward trend after hitting its peak in December 2020, when 67 per cent of respondents believed it was a great time to buy real estate.<\/p>\n

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Major bank predicts the end of Australia\u2019s property boom | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n
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\"Finder<\/div>\n

Finder Consumer Sentiment Tracker. Graphic: Supplied<\/strong><\/em><\/div>\n

That figure has now almost halved as affordability issues arise.<\/p>\n

Graham Cooke, head of consumer research at Finder, said the seemingly unstoppable escalation of property prices was taking its toll on many frustrated house hunters.<\/p>\n

\u201cExtended lockdowns and border closures have done little to curb price growth this year. As we emerge from those lockdowns, a record number of Australians are pessimistic that now is the time to buy,\u201d Mr Cooke added.<\/p>\n

Since the pandemic, homebuyers have been through a rollercoaster ride of sentiment.<\/p>\n

\u201cWhat\u2019s interesting is that the property positivity index has been driven down twice in the last two years \u2013 but for two very different reasons,\u201d he explained.<\/p>\n

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\"Finder<\/div>\n

Finder Consumer Sentiment Tracker. Graphic: Supplied<\/strong><\/em><\/div>\n

\u201cWe\u2019ve been tracking this for nearly three years and in doing so we ask a lot of questions about people\u2019s economic situation, including if they think now is a good time to buy property. The percentage of people who said \u2018yes\u2019 bounced between 55 and 60 per cent for most of 2019 and into 2020 \u2013 then it dropped pretty rapidly as soon as Covid hit,\u201d he said.<\/p>\n

Unsurprisingly, Mr Cooke said the positivity index dropped to 42 per cent by April 2020.<\/p>\n

\u201cInitially, the whole economy was in turmoil and people were afraid of what was going to happen to the housing and stock markets. The index number stayed relatively low and slowly came back to end up higher than it had been before the pandemic began,\u201d he said.<\/p>\n

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