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Two thirds of Australians think the housing market is vulnerable




The latest CoreLogic-TEG Rewards Consumer Housing Market Sentiment Survey shows two thirds of Australians now think the housing market is vulnerable to a sustainable downturn

While the survey results suggests that respondents are concerned about a crash in home values, this remains unchanged from a year ago, and lower than the 68% of respondents who indicated ‘yes’ to this question six months ago.

The higher proportion of respondents who were concerned about a large correction in the housing market was broad with all regions indicating at least 61% of respondents were concerned about a housing market crash. The result indicates that a significant proportion of the community are wary of substantial value falls across the nation’s…

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