Investors Positive Outlook On Prices

Investors Positive Outlook On Prices

Most investors are not too concerned with the state of the market, many believing that the lowest of the price falls in Sydney and Melbourne have already happened, according to new report has found.

ME’s Household Financial Comfort Report reports 86% expect to see values rise or remain with current rate, with 18% assume prices to rise significantly, 34% has forcasted they’ll rise a bit and 34% see they won’t change.

Similar tendency thought when looking specifically at Sydney and Melbourne: 85% to 90% of investors believe values will not slump in the year ahead.

ME’s consulting economist Jeff Oughton says the general position is that the worst has come and gone and most are waiting to ride out the current correction. The Household Financial Comfort report a survey of how people perceived their finances finds that the proportion of Australians feeling secure has risen.

The 15th biannual report found capital income gains, easing cost of living and boost savings were key drivers in in each households, feeling more comfortable.

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