A new survey of Australian homeowners and investors has found that less than half of the country's population believe that now is a good time to buy real estate.
High living costs, interest rate rises and volatile prices are all weighing on potential buyers' minds and have helped to create a cautious environment.
The research, by Homeloans Ltd, comes after it was reported last week that house prices in Australia are falling.
Meanwhile, property hunters looking for real estate down under may be interested to learn that Brisbane is the cheapest place in the country to purchase a home.
This is according to Australian Property Monitors, which noted that in the March quarter the average house price in Brisbane was $448,669, compared with $452,546 in Adelaide, the Australian reports.
It has been a slow and steady decline for Brisbane, with houses falling by 4.3 per cent over the past 12 months, a figure which has been compounded by the recent floods.
High living costs, interest rate rises and volatile prices are all weighing on potential buyers' minds and have helped to create a cautious environment.
The research, by Homeloans Ltd, comes after it was reported last week that house prices in Australia are falling.
Meanwhile, property hunters looking for real estate down under may be interested to learn that Brisbane is the cheapest place in the country to purchase a home.
This is according to Australian Property Monitors, which noted that in the March quarter the average house price in Brisbane was $448,669, compared with $452,546 in Adelaide, the Australian reports.
It has been a slow and steady decline for Brisbane, with houses falling by 4.3 per cent over the past 12 months, a figure which has been compounded by the recent floods.
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