Confidence in the housing market continues to improve but are still Australians worried about affordability.
ME Bank’s quarterly Property Sentiment Report for the June quarter shows – with 38 per cent of Australians expecting house prices to rise over the next 12 months, and only 17 per cent expecting them to fall.
Craig Ralston, ME Bank's group executive for customer banking said “Australians in the property market have become more optimistic about house prices, perhaps reflecting a number of changes in the external environment since the last survey,"
While confidence in the housing market continues to improve, but 93 per cent of Australians said housing affordability is still a big issue despite the price falls.
"House prices remain high by historical and international standards, hence perceived worries about affordability may take time to shift," Ralston said.
