'Tired trope': most voters open to lower home prices

The political fight over housing is likely to only intensify heading into the next election. (Diego Fedele/AAP PHOTOS)

The majority of Australian voters want house prices to fall or stay the same, including older generations, a survey suggests.

Younger voters were unsurprisingly more likely to favour lower home prices, though roughly half of those 50 or older were prepared to see dwelling values sink over the next five years.

The fresh Redbridge polling, conducted for Everybody's Home, suggests the political fight over housing will only intensify leading into the next election as higher interest rates and rising rents keep pressure on the mortgage belt and renters.

Melbourne home auction
Australians overwhelmingly see housing affordability as a problem, pollster Kos Samaras said.

Redbridge strategy and analytics director Kos Samaras said those surveyed were not necessarily in favour of their own homes falling in value, but rather that any new homes coming onto the market were cheaper.

People who had recently bought at the peak of the market were also likely to prefer prices staying high.

While it's the first time the surveying firm has run the poll, Mr Samaras said fewer would have been in favour of lower house prices if asked five years ago.

"People overwhelmingly see the problem," he told AAP.

The majority of the 2000 Australians polled said their housing costs were higher compared to this time last year, with nearly 90 per cent agreeing housing affordability had deteriorated at least a little.

Renters and mortgage-holders were bearing the brunt but Mr Samaras said outright home-owners, usually older, were seeing the pressures on young generations.

Adult children were staying in the family home for longer and parents were finding themselves helping their kids with bills and other expenses, he said.

Everybody's Home spokesperson Maiy Azize said home prices left ownership out of reach for many and parents were worried their children may never move out of the family home.

"It’s a tired trope that home owners want house prices to keep rising," Ms Azize said.

She said housing affordability would be the defining issue of the upcoming federal election.

The national housing campaign wants negative gearing scrapped, more social housing built, stronger protections for renters, and a boost to income support payments.

Monday's survey found 46 per cent wanted the government to limit negative gearing to one property at a time.

Seven in 10 wanted more spent on social housing and 60 per cent were in favour of government grants for developers making some dwellings in projects affordable.

License this article

What is AAPNews?

For the first time, Australian Associated Press is delivering news straight to the consumer.

No ads. No spin. News straight-up.

Not only do you get to enjoy high-quality news delivered straight to your desktop or device, you do so in the knowledge you are supporting media diversity in Australia.

AAP Is Australia’s only independent newswire service, free from political and commercial influence, producing fact-based public interest journalism across a range of topics including politics, courts, sport, finance and entertainment.

What is AAPNews?
The Morning Wire

Wake up to AAPNews’ morning news bulletin delivered straight to your inbox or mobile device, bringing you up to speed with all that has happened overnight at home and abroad, as well as setting you up what the day has in store.

AAPNews Morning Wire
AAPNews Breaking News
Breaking News

Be the first to know when major breaking news happens.


Notifications will be sent to your device whenever a big story breaks, ensuring you are never in the dark when the talking points happen.

Focused Content

Enjoy the best of AAP’s specialised Topics in Focus. AAP has reporters dedicated to bringing you hard news and feature content across a range of specialised topics including Environment, Agriculture, Future Economies, Arts and Refugee Issues.

AAPNews Focussed Content
Subscription Plans

Choose the plan that best fits your needs. AAPNews offers two basic subscriptions, all billed monthly.

Once you sign up, you will have seven days to test out the service before being billed.

AAPNews Full Access Plan
Full Access
AU$10
  • Enjoy all that AAPNews has to offer
  • Access to breaking news notifications and bulletins
  • Includes access to all AAPNews’ specialised topics
Join Now
AAPNews Student Access Plan
Student Access
AU$5
  • Gain access via a verified student email account
  • Enjoy all the benefits of the ‘Full Access’ plan at a reduced rate
  • Subscription renews each month
Join Now
AAPNews Annual Access Plan
Annual Access
AU$99
  • All the benefits of the 'Full Access' subscription at a discounted rate
  • Subscription automatically renews after 12 months
Join Now

AAPNews also offers enterprise deals for businesses so you can provide an AAPNews account for your team, organisation or customers. Click here to contact AAP to sign-up your business today.

SEVEN DAYS FREE
Download the app
Download AAPNews on the App StoreDownload AAPNews on the Google Play Store