Midyear state of affairs: A closer look at the country’s markets
With market conditions changing at varying degrees across the country, seven experts from Property Investment Profession...
Nearly 60 per cent of people would make sure their second home was at the beach, according to a new poll.
The poll by PRDnationwide also found that 22 per cent of Australians would prefer a CBD apartment, while 16 per cent would like a ski property as their second home.
PRDnationwide research director Aaron Maskrey said respondents would prefer the second property to be in their own state, with only 4 per cent interested in an interstate property.
“If someone can afford a holiday home, they don’t want to have to travel too long to get there,” he said.
“While in the current economic environment a second property is not possible for some people, a property at the beach is still on the wish list,” he said.
“A lot of these coastal properties have seen price discounts – so owning a beach house might become a reality for more people in 2011,” he said.
Mr Maskrey said only 1 per cent of those surveyed would choose a rural property as a second getaway.
2000 home owners and investors were polled for the survey.
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.