New research from St George Bank has revealed the features that are top of buyers' ‘wish-lists’ this spring.
The height of a showerhead may seem to be a minuscule detail, but it is among the chief concerns for first home buyers looking for a property, according to new research from St George Bank.
St George’s Spring-time Housing Survey has revealed backyards (63 per cent), quiet roads (55 per cent), easy neighbours (53 per cent), the height of the showerhead (48 per cent) and wardrobe space (46 per cent) are the top non- negotiable home features.
Location also has the potential to sway buyers, with family-friendly neighbourhoods (64 per cent), access to views (61 per cent), distance from sporting facilities (52 per cent) or cafes or bars (46 per cent) and being close to food delivery options (42 per cent) identified as the preferred options.
St George Spring-time Housing Survey - At a glance:
St George Bank’s General Manager Ross Miller said it was encouraging that half of buyers knew exactly what they want from their first home (56 per cent), and almost three- quarters were confident about purchasing in the current, low-interest-rate environment (72 per cent).
“Whether it’s a backyard big enough for the kids, friendly neighbours, great views or being close to a local café or pub, Aussies are prioritising easy living and family-friendly features when it comes to their first home hit-list," he said.
“As the current market conditions are making it a prime time to buy, it’s positive to see that home buyers are going into the process equipped with a good idea of what they’re looking for."
The St George survey showed that while one in five (21 per cent) of Aussie first home buyers were looking to buy their first home this spring, 37 per cent revealed they would feel more confident researching their dream home, rather than going through the process of applying for a home loan (15 per cent).
First home buyers also said they would feel more comfortable applying for a home loan if an expert could help them (56 per cent), if they knew their financial situation better (55 per cent), if there was less paperwork needed (44 per cent) and if it were online (35 per cent).
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