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A survey from The Australia Institute has found more Australians want property prices to fall rather than rise next year.
The survey sampled 1009 people, finding renters (60%) overwhelmingly support price falls, with just 16% saying they’d like to see prices rise.
More Australians want property prices to decrease in the future (36%), than want them to increase (33%) or stay the same (18%).
Three in five Australians (60%) who rent want property prices to decrease.
Only two in five Australians who own their own homes, either with a mortgage or outright, want property prices to increase (42% and 45%, respectively).
Australians who own an investment property are the only group with a majority (59%) who want property prices to increase.
Increasingly Australians are coming to the view that housing should be about a safe and secure place to live not a way to make money.
