National housing mood: state by state
The results of our annual Housing Affordability Sentiment Index are out, and our national housing mood is definitely positive.
At a national level, Australians’ sentiment towards housing affordabilitysignificantly improved in 2013, with a HASI of 4.5 (up +0.1).
Click here for additional insights about Gen Y, Baby Boomers and more.
Lets take a look at the state by state breakdown:
NSW
Two out of three NSW residents believed their financial position would either improve or remain the same over the next six months (at 67%, up +8% from 2012). Around one in four (26%) believed that housing affordability would improve (up +8%).
Of the NSW residents surveyed:
72% were looking to buy a property to live in
28% were looking to buy a property as an investment
QLD
The outlook of QLD residents had notably improved with 37% believing their financial position would improve (up +6% from 2012) and 28% believing housing affordability would improve (up +7%).
Of the QLD residents surveyed:
77% were looking to buy a property to live in
23% were looking to buy a property as an investment
NT
Four out of ten NT residents reported that their financial position had improved over the last six months (at 43%, up +11% from 2012) and 54% believed it would continue to over the next six months (up +19%). Around one in five believed housing affordability would also improve (at 22%, up +10%).
Of the NT residents surveyed:
76% were looking to buy a property to live in
24% were looking to buy a property as an investment
WA
Around a quarter of WA residents reported an improvement in their financial position (at 27%, up +3% from 2012) with 32% expecting this trend to continue (up +3%).
However, half reported a deterioration in housing affordability (at 50%, up +5%) and 56% expected this
trend to continue (up +3%).
Of the WA residents surveyed:
76% were looking to buy a property to live in
24% were looking to buy a property as an investment
SA
Around a quarter of SA residents reported that their financial position had improved over the last six months (at 26%, up +7% from 2012). They were significantly more likely to believe their position would stabilise over the next six months (at 44%, up +10%)
Of the SA residents surveyed:
85% were looking to buy a property to live in
15% were looking to buy a property as an investment
VIC
Around one quarter of VIC residents reported an improvement in their financial position (at 27%, up +9% from 2012) and 28% expected this trend to continue (up +3%).
However, 53% had experienced a deterioration in housing affordability (up +5%) and 53% expected this
trend to continue (up +6%).
Of the VIC residents surveyed:
68% were looking to buy a property to live in
31% were looking to buy a property as an investment
ACT
ACT residents were notably more positive regarding their outlook for the next six months, with 41% believing their financial position would improve (up +5% from 2012) and 55% believing housing affordability would either improve or remain stable (up +8%).
Of the ACT residents surveyed:
71% were looking to buy a property to live in
29% were looking to buy a property as an investment
TAS
Consistent with 2012, around half of the TAS residents reported a deterioration in their financial position and housing affordability (at
52% and 50% respectively). However, only 26% expected their financial position to continue deteriorating (down -6%).
Of the TAS residents surveyed:
81% were looking to buy a property to live in
19% were looking to buy a property as an investment
*The index is based on a national survey of 2,400 online panel members. A minimum quota of 300 participants in each state was enforced with the exception of the NT, and throughout fieldwork age and sex of respondents were monitored to ensure that a representative sample was achieved. Results are weighted by state to be representative of the Australian population.
Generation Y (born 1981 to 1987), Generation X (born 1966 to 1980), Baby Boomers (born 1946 to 1965), Silent Generation (born 1926 to 1945).
