Essential Report

Cost of housing

Jul 4, 2017

Q. If house prices were to rise in the future, do you think the following groups would be better or worse off?

  Total better off Total worse off Much better off Better off No change Worse off Much worse off Don’t know
Current home owners 41% 22% 12% 29% 31% 13% 9% 7%
People living in regional areas 12% 50% 2% 10% 30% 30% 20% 9%
People living in the inner city 11% 56% 2% 9% 22% 29% 27% 10%
People living in the outer suburbs 11% 57% 2% 9% 23% 36% 21% 10%
People receiving the age pension 5% 71% 1% 4% 18% 26% 45% 6%
Renters 4% 77% 1% 3% 14% 41% 36% 5%
Young people 4% 83% 1% 3% 10% 35% 48% 4%
People on low incomes 2% 85% 1% 1% 8% 26% 59% 3%

The only group who respondents thought would be better off if house prices were to rise in the future were those who currently own homes (41% better off). For all other groups, a majority thought they will be worse off.

Over 80% thought that young people and people on low incomes would be worse off if house prices were to rise.

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