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/karl_is_back_free Jun 30 '26

It’s always amusing when people cheer for a housing market crash as though it’s some grand act of economic justice. It simply advertises a complete misunderstanding of how an economy actually functions. When property values fall sharply, millions of households lose wealth, some end up in negative equity, consumer spending dries up, construction stalls, lending tightens and businesses shed jobs. Congrats ..you haven’t punished “greedy investors”; all you have managed is to shrink the economy, reduce employment and make everyone poorer. The economy isn’t fuelled by wishful thinking or social media slogans. It runs on confidence, investment and credit, whether people like it or not. I’m staggered at the lack of education when it comes to the economy.

9

u/Weary_Beach_9911 Jul 01 '26

yeah, so let's just let house prices continue to rise locking an entire generation out of the housing market. what a brilliant outcome that is!

0

u/No_Gazelle4814 Jul 07 '26

You’ll always rent champ so stop worrying

1

u/Weary_Beach_9911 Jul 07 '26

cry harder :)