Buyer caution hits new highs

Research from RFi shows people are being particularly cautious when it comes to borrowing, with many preferring to save their money instead.

“What is interesting to note is that many Australians are choosing to save for no particular reason. They have no savings goal. They just want to save in a bid to help them feel more comfortable about the future,” RFi director Alan Shields told Smart Property Investment.

You’re out of free articles for this month

Log in Sign up

To continue reading the rest of this article, please log in.

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey

Create free account to get unlimited news articles and more!

First Name

Last Name

Mobile

Email

Organisation Type

Mortgage or Finance Brokerage Mortgage or Finance Aggregator Accounting Firm Financial Advice Practice Real Estate Agent Property Manager Financial Institution Fund Manager Educational Institution or University Association, Institute or Not-for-Profit Government Insurance Provider Technology Provider Media, Consulting or Recruitment Other

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

According to Mr Shields, prolonged interest rate stability is having a negative impact on consumer confidence.

“We are at a place now where the RBA has not moved for the best part of a year and that makes people nervous – it creates uncertainty.”

In addition, the constant negative news stories spilling out of the United States of America and Europe are adding to growing buyer pessimism.

Want to see more stories from trusted news sources?
Make Smart Property Investment a preferred news source on Google.
Click here to add Smart Property Investment as a preferred news source.

Free investor loan check

Better property decisions start with smarter lending.

A free 15-minute finance check for property investors.

15 minutes Free No obligation

What are your lending goals?

Choose a goal to request a callback.

Buy Buying againCheck my borrowing position → Equity Equity or refinanceReview my current loans → Plan Loan strategyGet a second opinion →

Ready to talk?

Book a 15-minute call →

Finni Pty Ltd · Australian Credit Licence 384324 · Privacy

Tags:

• Latest

Share