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Pumped up house prices dent buyer confidence

Rising house prices are extracting a toll on homebuyer confidence, with fresh research showing positive sentiment in property is slipping fast, while fewer than half of the respondents to a recent survey said they considered now was a good time to buy.

Sold sign in front of hedge and house
Australia's buyer frenzy has pushed up prices and is starting to put a damper on buyer confidence. Photo: Shutterstock (Image source: Shutterstock.com)

Rising house prices are extracting a toll on homebuyer confidence, with fresh research showing positive sentiment in property is slipping fast, while fewer than half of the respondents to a recent survey said they considered now was a good time to buy.

Research conducted by Finder showed that while 74 per cent of respondents said they expected property prices to rise in the next 12 months, just 49 per cent said it was currently a good time to bu…

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