More than half of Australians are looking for help with their real estate goals because they don’t feel confident enough in the market as it stands. According to a survey conducted by leading mortgage broker Aussie, 54 per cent of us want guidance with property and finance.
In a further indication of the uncertainty resulting from COVID-19, 42 per cent of the 1000 people questioned in Aussie’s survey, Uncertainty around COVID-19, want to take advantage of the current conditions of the real estate market but don’t know how to.
The survey underlines the intense interest in the property market despite the coronavirus pandemic.
Aussie Chief Customer Officer, David Smith says the result is missed opportunities and unrealised goals for potential home buyers.
“In a market which sees property prices across Australia’s capital cities continuing to fall, interest rates remaining the lowest on record, a range of refinancing options, access to lender cash back incentives, and a range of government initiatives and grants available, there are many opportunities for both first home buyers and homeowners to secure their goals,” he said.
That home hunters are looking for expert advice is illustrated by the fact that 36 per cent of those surveyed, said they were “more receptive to speaking to a broker about their property plans because of COVID-
Gil Elliott from Positive Income Properties has been working for the buyer in helping them arrange land and house builds for Investment and Owner Occupiers at no cost to the buyer.
On the ground, sales agents and buyers agents say property seekers have more questions about the property market and what is going on than they ever have.
The research again highlighted the spotlight COVID-19 has put on our home situation and our re-imagining of what we want.
More than one in five (22 per cent) of those surveyed said their property goal is more important now than before COVID-19 restrictions and more than one in four (26 per cent) said their housing plans had accelerated because of COVID-19.
COVID changing our financial habits
It’s not surprising then that a Finder survey has discovered 63 per cent of Aussies, around 12 million of us, have changed their financial habits since COVID-19 hit Australia in mid-March.
Graham Cooke, insights manager at Finder said homeowners could be looking at new ways to increase their income.
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