Consumer confidence is suppressing Australia's property market as cost-of-living pressures squeeze household income. When interest rates fall, confidence should rebound and reignite property demand, since underlying fundamentals remain strong.
One of the things which potentially has the ability to be able to suppress the property market in Australia is consumer confidence right now. It's just because people's back pockets are being squeezed a little bit in Australia and all parts of the world because of the cost of living, right? That's what's going on at the moment. Now, when those interest rates start dropping, I see that's going to start kicking the confidence into the marketplace again. And I think that we can start to see some strong growth rates moving forward into the future because all the fundamentals are stacking up behind that, right?
