Australians Suffering From Doom Fatigue

While economists and media commentators are going out of their way to spread gloom about property prices, it appears most consumers have managed to tune out all that media white noise.

A colleague of mine describes it as “Doom Fatigue” and I think that encapsulates the public mood at the moment.

Australians are suffering from Doom Fatigue not just about the property market, but after years of the news bulletins being dominated by Covid, natural disasters and war in Europe, they just don’t want to know about it.

People are utterly sick of being bashed with bad news and as a result they are tuning it out.

Many people I know have simply stopped watching the evening news.

And I think this phenomenon of Doom Fatigue has extended to media forecasts on property prices.