A survey of 1,200 domain. com.au users found that 77% of respondents were positive or neutral about the property market, while 23% were negative or stressed.

 

Of the buyers surveyed, 47% wanted greater restrictions on foreign investors, while 19% wanted greater restrictions on investors in general.

 

Another 32% wished for lower interest rates, 27% for more government support for first-home buyers and 9% for increased property development.

 

The property market is expected to be more stable in 2016 than in 2015. Domain Group senior economist Andrew Wilson said, “[Last year was] a roller coaster ride for the property markets in Sydney and Melbourne, which has now come to a stop, with other capital cities experiencing only moderate growth in line with under-performing local economies”.