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What people wish they knew before investing

What people wish they knew before investing

by Emma Ryan | October 17, 2019 | 1 minute read

Looking to buy property but don’t know where to start? Here are five things investors wish they knew before entering the housing market.

Man thinking about investing
October 17, 2019

Allianz Australia has conducted a survey to determine peoples’ perceptions of buying property.

In examining the survey results, Allianz identified five things investors wish they knew before entering the housing market.

Of the respondents, 14.2 per cent of buyers wished they had a more realistic view about the properties available within their budget, while 14.6 per cent wished they knew how long the process would take from start to finish.

A further 20.5 per cent of buyers wished they knew about the additional associated costs that come with entering the housing market, such as mortgage insurance.

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Meanwhile, 11.3 per cent of buyers wished they knew how much it would cost them to move, and 9.0 per cent said they wished they knew more about stamp duty prior to entering the housing market.

The Allianz research also found that searching for a new home affects the mental and emotional wellbeing of 51 per cent of Aussie home buyers.

Of the group surveyed, a further 55 per cent said they would rather stay in their current home longer than have to deal with the stress that comes with buying a new home. Meanwhile, 18.6 per cent who are stressed out by the process said they’d rather go without social media for a month than enter the housing market.

Furthermore, the research shed light on the top five factors people take into consideration during their property search, with price coming out on top (46 per cent), followed by suburb (37 per cent), the “feel” they get about the place (36 per cent), the size (27 per cent), and the proximity to amenities (26 per cent).

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

What people wish they knew before investing
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