What are our ‘must haves’ when buying property?
A recent survey showed that Western Australian buyers were set on having one bedroom per family member (51 percent), being near important amenities (50 percent), and having outdoor space (47 percent). Interestingly, considering our climate, having a pool was not rated particularly highly.
The location and surrounds were the most important consideration for buyers. 57 percent of people surveyed placed this at the top of their list, with privacy and space from neighbours second (54 percent).
Most of us have our heart set on a particular area when buying and 58 percent would not look further than 15km from this ideal location. Only a tiny 7 percent said they would be willing to go further than 41km in order to secure a home.
And we don’t mind paying a little bit more for our dream home, with 61 percent of us willing to increase our debt levels to acquire our ideal property. Happily interest rates are low at the moment and the latest 0.25 percent rate cut by the Reserve Bank should make buying a new property even more affordable.
This information was gathered from: http://realestate.com.au/
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