The highest proportion of Australians in more than three years expects house prices to rise in 2010, according to new research.
Nearly three-quarters (73 per cent) of residents now expect Australian property prices to increase in 2010, according to the Mortgage and Finance Association of Australia (MFAA).
However, there is growing concern that many Australians may not be able to meet their financial requirements for their properties in the current economic climate, claims MFAA chief executive officer Phil Naylor.
He points out that confidence in the property market is "back where it was during the height of the housing boom".
Mr Naylor added: "But there are still some clouds on the horizon, with recent interest rate increases negatively impacting households."
The MFAA survey revealed that 15.9 per cent of respondents are struggling to meet repayments, which is a significant increase on the 11.7 per cent in the May 2009 survey.
Meanwhile, the latest figures from Australian Property Monitors indicate that house prices are rising once again.
Nearly three-quarters (73 per cent) of residents now expect Australian property prices to increase in 2010, according to the Mortgage and Finance Association of Australia (MFAA).
However, there is growing concern that many Australians may not be able to meet their financial requirements for their properties in the current economic climate, claims MFAA chief executive officer Phil Naylor.
He points out that confidence in the property market is "back where it was during the height of the housing boom".
Mr Naylor added: "But there are still some clouds on the horizon, with recent interest rate increases negatively impacting households."
The MFAA survey revealed that 15.9 per cent of respondents are struggling to meet repayments, which is a significant increase on the 11.7 per cent in the May 2009 survey.
Meanwhile, the latest figures from Australian Property Monitors indicate that house prices are rising once again.
