Despite a perceived lack of affordability buyers remain steadfast in their pursuit of their dream location and property features, according to realestate.com.au.
The online listings website’s Housing Affordability Sentiment Index reported that around half (48%) of prospective buyers were not willing to buy further than 10km from their ideal location, with swimming pools the only feature most were willing to sacrifice.
Andrew Winter, host of LifeStyle Channel’s Selling Houses Australia, said Australians have proved astute when buying property.
“Buyers will not budge on things like location, outdoor space, and privacy in order to enter the market,” he said.
He added that rather than sacrificing their dream home and location, many Australians are foregoing luxuries by cutting spending on luxury vehicles, other luxury items and even a second car to achieve their property dream.
“If it means they have to wait to enter the market, they are prepared to do the hard yards and the saving in order to get there,” Winter said.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out