Gen Y is the most upbeat about property prices, and first-home buyers are ready for a comeback
Place Estate Agents Bulimba’s Shannon Harvey says she has seen a more positive outlook among the younger home buyers this year. Pic Jono Searle
QUEENSLANDERS are more positive about housing affordability than anywhere else in Australia, with Generation Y the most upbeat of all when it comes to property prices, according to new research.
The annual realestate.com.au Housing Affordability Sentiment Index (HASI), which tracks the sentiments of Australians towards the cost of housing, reveals that all states and generations have a brighter outlook on property prices in general than 12 months ago.
This is despite statistics based on the RP Data-Rismark Daily Home Value Index showing capital city home values have all improved over the last year.
The HASI results were driven by an easing of household expenses and debt combined with increasing household savings.
The index also revealed that first-home buyers are returning to the market, making up 46 per cent of those looking to buy, compared with 28 per cent at the same time last year.
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