22 October 2026 * 3-minute read
Australians remain committed to long term property goals, but timing and affordability concerns are prompting many to delay their next move.
Carolyn McCann, Westpac Chief Executive, Consumer, says Australians aren’t abandoning their property plans but are re-evaluating their timing.
“We’re not seeing a mood of crisis, rather a mood of concern,” McCann said. “The market has paused as people try to make sense of conflicting signals around interest rates, house prices, cost of living pressures and the broader economy.”
She adds that mortgage activity has begun to lift again, suggesting some buyers are regaining confidence.
“People still want to buy and sell property, but many are seeking greater certainty before making a move. The challenge is that waiting for the perfect moment can mean missing opportunities that are right in front of you.”
Research from the latest Westpac Home Ownership Report shows:
The main factors influencing decision making include:
Even with uncertainty, many are re thinking how they approach the market:
Carolyn McCann says this adaptability highlights resilience among buyers.
“Market conditions will continue to change, but for many Australians, the dream of owning a home remains as strong as ever.”
For many Australians, the key challenges slowing their property journey include:
With many waiting for prices to drop further, supply pressures mean it can still be difficult to find the right property when they’re ready to buy.
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