{"id":29218,"date":"2020-11-20T13:51:59","date_gmt":"2020-11-20T00:51:59","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29218"},"modified":"2020-11-20T13:51:59","modified_gmt":"2020-11-20T00:51:59","slug":"3-8-million-aussies-plan-to-buy-property-in-2021","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/3-8-million-aussies-plan-to-buy-property-in-2021\/","title":{"rendered":"3.8 million Aussies plan to buy property in 2021"},"content":{"rendered":"

PHOTO: House buying<\/strong><\/p>\n

Record-low interest rates, government stimulus, the rise of remote work, and a readjustment of priorities has led to a sharp increase in house hunting, according to new research by Finder.<\/strong><\/p>\n

A \u201cnationally representative\u201d Finder survey of 1004 respondents revealed that 20 per cent of Aussies are looking to purchase a property within the next 12 months \u2013 the equivalent of 3.8 million house hunters.<\/p>\n

Finder\u2019s personal finance expert Kate Browne says the results indicate a post-pandemic housing boom is looming.<\/p>\n

\u201cThere\u2019s a good chance that we will see a deluge of people searching for properties, from those trying to get their foot in the market, to seasoned upgraders,\u201d she explained.<\/p>\n

\u201cYet potential buyers could experience a shortage of listings and a spike in house values as demand outstrips supply.<\/p>\n

\u201cWith increased activity in the market, buyers might need to broaden their search and seek pre-approval beforehand to one-up the competition.\u201d<\/p>\n

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The research shows that 32 per cent of millennials and 24 per cent of Gen Z-ers plan to buy property in the next year.<\/p>\n

READ MORE VIA ELITE AGENT<\/a><\/p>\n

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