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The National Housing Sentiment Index (HASI) report is now in for 2013, and it seems as a country we’re pretty optimistic about housing affordability. Our Professionals Paradise Realty Casula Real Estate team was interested to note that our perception of housing affordability has significantly improved across the country, with an improvement seen in every state and across every demographic. Lower interest rates may be partly responsible for this, as people may be finding themselves in less debt, and with more savings up their sleeves.
The sentiment for the cost of housing has now risen to 4.5/5. But what about in NSW?
Of those surveyed, two out of three NSW residents believed their financial position would either improve or remain the same over the next six months (up 8% from 2012). More optimism was on show when asked whether they believed housing affordability would improve, with around one in four (26%) saying that they believe it will (up +8%). While the NSW HASI level improved by 0.1 from 2012, it remained slightly below the national average.
Do you agree with the HASI report of Australian sentimentality regarding today’s housing affordability? Do you think Liverpool real estate prices are going to go further up or are they on their way down?