Sell with Confidence
Read More
News

Home Ownership A High Priority For Australians

By Adrienne McTavish

The majority of Australians rate home ownership as being a higher priority than having children or getting married, according to a new survey from Westpac.

The news may interest those currently looking for houses for sale in Bulimba or Hawthorne real estate, as it indicates many Australians are putting property ownership at the top of their ambitions.

Conducted by Sweeney Research on behalf of the bank, the Westpac Home Ownership Report reveals that "owning a home" or paying off a home loan faster was the top priority for 57 per cent of the survey's respondents.

In contrast, 8 per cent listed having children as their highest priority and 5 per cent said getting married was their top goal.

The report surveyed a total of 1,594 Australians who either had a home loan already and were owner occupiers, or who were planning to buy a property within the next 12 months.

According to Westpac General Manager of Retail Banking Gai McGrath, the report also indicated that many Australians were in need of advice about the process of home ownership.

"The Westpac Home Ownership Report reinforces how important owning a home is to Australians, and it's striking that people are prioritising this ahead of kids and marriage," said Ms McGrath in an August 19 statement.

Up to Date

Latest News

  • The Importance Of Art When Selling A Home

    In the quest of a safe sale, many homeowners make the mistake of stripping away decor and design to leave what was once a lived-in home feeling like four cold, empty façades. A prospective property buyer needs to be able to visualise themselves in a home and find their own … Read more

    Read Full Post

  • 5 Of The Best Before-And-After Kitchen Transformations

    The creative vision of a good designer or builder can be invaluable when you want to make big changes to your kitchen. If you’re faced with an uninspiring layout, you might be surprised at how radically different it could look with a little imagination. Check out these before and after … Read more

    Read Full Post