The RP Data - Nine Rewards Consumer Housing Market Sentiment Survey for the September 2014 quarter was released yesterday. The highlights of the report were: - 68% of respondents felt Australia's housing market was vulnerable to a significant correction in values - 66% of respondents felt now was a good time to buy property - 59% felt now was a good time to sell property - 63% expect mortgage rates will remain steady over the next 6 months - Only 11% think values will fall over the next 6 months - Only 12% think values will fall over the next year - Only 5% think rental rates will fall over the next year.
Comments
Cameron Kusher
They have remained reasonably consistent however, in response to the question about the significant correction, the 68% who felt it was exposed was the greatest % recorded (this was the 4th time we have asked this question).
James Marlay
Were there any significant changes to sentiment month on month or were these responses reasonably consistent?