Jun 21, 2022
Despite daily media articles declaring that property prices are set to fall 15% or 20% or more, most Australians don’t believe it.
That’s according to the latest Finder Consumer Sentiment Tracker.
The Finder survey sought people’s views of what they expect to happen with house prices in the next 12 months - and very few, it seems, are expecting prices to fall.
Even in Sydney and Melbourne, where economists and commentators have declared prices to be falling already, only about 20% of consumers believe prices in their local area will fall in the next 12 months.
It seems to me that Australians are a lot smarter than the media thinks.
They know there’s a significant difference between what the data shows and what the media says it shows.