According to The Australian Financial Review, housing sentiment has almost rebounded to pre-COVID-19 levels, with home owners less worried about the state of the property market, says the ME Quarterly Property Sentiment Report.
The latest edition of the report, conducted in October 2020, says 38 per cent of Australians in the property market feel "positive" about it, which is just 4 percentage points below the October 2019 level. Positive sentiment had dropped to 29 per cent in April at the peak of the pandemic, when large parts of the country were in lockdown.
Sydney has seen a resurgence of positivity, with 42 per cent of the city residents surveyed in October saying they feel positive about the market, up from 29 per cent in June.
The report shows many home-owner-related worries have eased since earlier this year, with only 49 per cent worried about the value of their property falling, down from 64 per cent in April, while 29 per cent are worried about paying back their home loan once deferrals end, down from 31 per cent in June.
If you want to read this article in Japanese, please see the following link:
Subscribe to our English Newsletter