Westpac research shows Australians delay home purchases as rate, price uncertainty weighs

By Public Technologies
  • Westpac research shows Australians are delaying property decisions as affordability, house prices, interest rates drive uncertainty.
  • 41% see now as a bad time to buy a first home; 47% see now as a bad time to sell.
  • 75% are waiting for prices to fall further; 73% are delaying purchases until interest rates stabilise.
  • Mortgage applications fell about 5% since May; volumes rose 15% from the July low, indicating early recovery.
  • 81% still view property as the best way to build wealth; 55% plan a housing change within a year.


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