Home hunters rocked by lack of confidence

PHOTO: Steel yourself for the road ahead. Picture: Aaron Francis/The Australian Source: News Corp Australia

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.

More than half of Australians are uncertain what to do about their property intentions. Picture: Aaron Francis/The AustralianSource:News Corp Australia

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 cashback 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-19”.