Property research and data is a property investor’s best friend.
But recently, some research released by RP Data has revealed that Australians aren’t altogether sold on the fact that property prices are set to increase.
In fact, a decent proportion of survey respondents believe that Australian real estate is over priced and is due for a correction!
The survey asked the question about whether Australia’s housing market was vulnerable to a significant correction.
“More than two thirds (68%) of respondents felt that it was, which was the highest reading we’ve received for this question,” an RP Data spokesperson said.
“Also, more than half of all respondents in each region felt that the housing market could see a significant correction.”
For more details, including a state-by-state analysis, click here.
Til next time, happy investing!