LYNTON FINANCIAL SERVICES PTY LTD T/AS AUSSIE MORTGAGE MASTERS

CALL US -1300 666 186

Survey reveals major property turn-offs for Australians

Wednesday, August 17th, 2016

High crime rates are the major turn off for Australians when it comes to making a property purchase according to the results of a new survey.

Carried out by Finder.com.au, the survey of more than 2,000 Australians found that 75% of people would not by a home in an area that had higher than average crime rate.

Being close to noisy pub would also stop 68% of people from buying a home in a particular area, while 64% said they would not buy in an industrial suburb.

In comparison, only  36% of Australians would be put off buying in a neighbourhood where public housing is present, while both being within two kilometres of brothel or being in an area with an above average unemployment rate would only deter 33% of people.

Smaller things that would deter people from buying a home included if it was a deceased estate (12%), if it was located within two kilometres of a fast food chain (7%), if the suburb lacked “trendiness” (7%) and if the street number was 13 (5%).

 

MORTGAGE PROFESSIONAL AUSTRALIA

Author: Lynne Cox

She is a Mortgage Broker and holds an Australian Credit Licence # 365386. She has been involved in the Mortgage Broking Industry since May 1996 but has been involved in small business since 1977. Lynne is a licensed finance broker. She was the President of the Finance Brokers Association of Australia until March 2004 where she is now a Life Member, and she was also a Member of the Finance Brokers Supervisory Board until it disbanded in October 2003.