68% Aussies Feel It Is a Right Time to Buy

An article on the website Your Investment Property talks about the present consumer sentiment index in Australia. While many are bullish about the signals the property market is giving, respondents in key cities of Sydney and Melbourne are much more circumspect in their response.

68% of respondents feel that now is a right time to buy. A generally positive response one supposes but nothing like the 80% recorded same time last year! The overriding fact is the change in perception- buyers thinking that most of the Australian property scene has developed into a seller’s market.

Interesting to note that 51% of respondents feel prices could rise in the next 6-8 months, a clear increase from 41% who felt so last year.

You can read the original article here.

Why do you think the number has dwindled from ‘80%’ to ‘68%’?