New research has shed light on the top five factors people take into consideration during their property search.
Allianz Australia recently conducted a survey to determine people’s perceptions of buying property, finding that the majority experience significant stress when doing so.
Despite this, however, the research showed that Australians don't let stress deter them from their dreams of home ownership, with half of people purchasing a property within six months of beginning their search.
Top 5 things people consider are:
1. Price (46 per cent)
2. Suburb (37 per cent)
3. The “feel” they get about the place (36 per cent)
4. Size, including number of bathrooms, bedrooms and living areas (27 per cent)
5. Proximity to amenities, such as schools, shops and gyms (26 per cent)
The research also delved into the motivators people have in buying property. The vast majority want to own their first home, while other key motivators were slated as a desire to change their lifestyle, or because they’ve changed their job or feel as though they need to upsize for more space.