More than half of Australia believes it’s a bad time to buy a property, a new study reveals, with interest rates forecast to keep rising, potentially up until July.
The Geography of the Australian Dream report, released by YouGov, surveyed more than 10,000 people between August to October and found 59 per cent believed now is a bad time to buy property despite continued GDP growth.
The study found concerns stem from the ever-increasing inflation rate after the Reserve Bank of Australia lifted the rate every month from May to December last year.
NSW-based lawyer Gemma told NCA NewsWire she’s feeling the pinch more than ever is fearful she’ll never be able to afford a home as the cost of living pressures grow despite her well-paying job.
“It’s really sad and scary; I think especially for friends and myself who haven’t bough...
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