[ The PERFECT Storm ] Australian Property Market Boom Stopping? Housing Market CONFIDENCE Changes

The most widely used consumer confidence indicator in Australia, the Westpac/Melbourne Institute Consumer Confidence index can help property investors decide whether now is the best time to buy property.

The ‘time to buy’ index is in pessimistic territory in the unaffordable states
of NSW (94) and Victoria (87.3), but highly optimistic in WA (118.8) and QLD (105.3).

Nevertheless, house price expectations are still very strong in NSW (161), suggesting that owner occupiers are expecting price growth to continue to make the market even more inaccessible and are becoming disillusioned.

Learn more in this video!

Chapters:
00:00:00 - Consumer Sentiment and the Property Market
00:01:19 - Building Passive Income by Analyzing Data
00:02:44 - Unemployment Expectations and Time to Buy a Dwelling
00:03:56 - The Government's Response to Crisis
00:05:13 - Unemployment Expectations
00:06:28 - Perception of Buying Property
00:07:41 - Is it the Right Time to Buy a Dwelling?
00:08:57 - Strong property market, rising prices
00:10:19 - Property Market Insights
00:11:36 - The Benefits of Property Investing

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[williamcrossan]

Brisbane is up 27% year on year. I'm not sure it has much left in it.
Some of the prices for rather ordinary houses I've looked at, would only be affordable for 10% of the population or less.

[DundeMan]

I have joined your group, still it’s pending request. Do we have to do anything else?