The Australia Institute surveyed 1,009 Australians between 13 and 15 November 2024 about their attitudes to future property prices. The margin of error is ±3%.
Key findings:
- About as many Australians want property prices to decrease in the future (36%) as want them to increase (33%). One in five (18%) want them to stay the same.
- Australians who own an investment property are the only group where the majority (59%) want property prices to increase.
- Three in five Australian renters (60%) want property prices to decrease.
- Two in five Australians who own their own homes, either with a mortgage or outright, want property prices to increase (42% and 45%, respectively).
"As increasing numbers of Australians are locked out of the housing market, it has become so expensive that only a minority of Australians want prices to keep going up," says Matt Grudnoff, Senior Economist at The Australia Institute.
"Increases in house prices have come at a terrible cost to so many people. Housing should be about having a safe and secure place to live, not a way to make money."
"Less than half of homeowners want to see house prices rise. Only among those with the most to gain from rising house prices, people who own investment properties, did a majority want to see house prices rise."
