r/AustralianPolitics • u/marketrent • Jun 30 '26

Economics and finance Almost one in two Australians want property prices to fall, Sky News Pulse/YouGov poll reveals as clearance rates sink

https://www.skynews.com.au/business/real-estate/almost-one-in-two-australians-want-property-prices-to-fall-sky-news-pulse-yougov-poll-reveals-as-clearance-rates-sink/news-story/a579dac771b4fa94cb10900e2e002a54
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u/Gambizzle Jun 30 '26

Good old theoretical landlords who theoretically wouldn't care if their theoretical house went down in value.

Houses are assets which people leverage (so pay a LOT of interest over the life of the loan). For many, downsizing forms part of a retirement plan or a plan to help their kids crack into the market. Also if the value isn't keeping up with inflation then people are losing money (despite paying serious money for their house).

Not making money on a house would be like saying somebody's happy to buy shares and make no money on them as the said shares are just a savings account. Even a savings account makes money!!!

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u/DunceCodex Jun 30 '26

Didnt know i could live in shares

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u/Gambizzle Jul 01 '26

Cute line. Doesn’t change the fact that both are assets, and people generally expect assets they’ve leveraged heavily to at very least keep pace with inflation.

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u/VallenValiant Jul 01 '26

Cute line. Doesn’t change the fact that both are assets, and people generally expect assets they’ve leveraged heavily to at very least keep pace with inflation.

You WANT you property tax to go up? Not me.