Based on a survey from http://www.smh.com.au closed on 30/08/2012, the outlook for the real estate market towards the next 12 months remains gloomy.
More than 11,000 Australians participated the survey. Only 13% of the responded thought the property market will improve over the next 12 months. On the contrary, 47% of the responded thought the property market will get worse.
The following chart showed the detailed breakdowns of the responses.