Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
subscribe to our newsletter

Property crash looms as prices keep rising

One third of real estate agents have predicted a property crash within a decade, while a majority believe home ownership is becoming increasingly unattainable.

A nationwide poll of 228 agents by real estate ranking platform OpenAgent found that 53 per cent of respondents do not expect a property crash in the foreseeable future.

However, 17 per cent said a crash could occur within the next three years, while another 18 per cent said a crash could occur in the next five to 10 years.

Advertisement
Advertisement

Meanwhile, according to the survey, 60 per cent of agents think that home ownership is increasingly becoming out of reach for Australians.

The survey found that 74 per cent expect prices in their local market to increase in 2015.

Another 21 per cent said their local prices would remain steady, while 4 per cent expect prices to fall.

Foreign investment in residential real estate is likely to drive up prices for Australians, 40 per cent of respondents said.

The survey also found that 47 per cent want foreign investment to be more heavily regulated.

Property crash looms as prices keep rising
mortgagebusiness

Latest News

A major insurance provider has announced that it would restrict its offering of lender’s mortgage insurance in light of emerging risks ass...

Lenders will be allowed to extend their pre-approval period for borrowers using the First Home Loan Deposit Scheme given the coronavirus pan...

The federal government has announced several changes to the Takeovers Panel, which include the reappointment of an ANZ executive and the ap...

FROM THE WEB
podcast

LATEST PODCAST: Further relief for SMEs and borrowers

Do you expect COVID-19 to reduce or increase your business flows?

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.