news

Couples put property before babies

By webmaster

Couples are delaying plans to start a family in order to get their foot on the property ladder.

According to a new poll by PRDnationwide, one in three people are pushing back their family plans as the cost of entering the property market rises.

“The long term trend has seen prices for houses rising, however the recent softening of values in many areas are likely to tempt many potential purchasers into home ownership as these conditions will not hold in the long term.  It is changing important life decisions like when to start a family in such a significant way,” PRDnationwide research director Aaron Maskrey said.

According to the REIA latest Housing Affordability Report, it now costs an average Australian family approximately 35.3 per cent of their income to service the home loan – this is up from 34.8 per cent in September 2010.

But despite the fact that property is becoming increasingly unaffordable, Mr Maskrey said a number of respondents weren’t deterred.

Of the 2000 respondents, 55 per cent said they would not let the state of the property market deter them from having children.

“While it is responsible to ensure that you can afford to support a new baby – the truth seems every generation has had not dissimilar problems,” he said.

Couples put property before babies
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%