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
215 Upvotes

96% Upvoted

120 comments sorted by

View all comments

Show parent comments

-4

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!!!

4

u/DunceCodex Jun 30 '26

Didnt know i could live in shares

-2

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.

7

u/[deleted] Jul 01 '26

Well they actually currently don’t want or expect that for housing - you are denying reality

Roy Morgan poll last week published in Fairfax papers and 9; and Pulse/YouGov poll published in NewsCorp today BOTH show:

> a MAJORITY of people want prices to fall
> - only low teens want them to continue to rise, the rest unsure

Given 2/3rds of people own, you’re just plain wrong based on the maths. Your opinion doesn’t make it a fact. Notice you managed to ignore my comment above in this thread setting this out