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Housing Market Anxiety: Westpac Survey Reveals Consumer Sentiment
Description
Homebuyer sentiment plummets, while overall consumer mood improves slightly, according to the latest Westpac-Melbourne Institute survey. Housing prices dropping, interest rates rising, and new tax rules for property investors are causing anxiety. Older generations feel the most pessimistic, while Gen Z remains optimistic. Long-term economic outlook remains a concern for many, despite some immediate recovery signs in other sectors.
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