{"id":33122,"date":"2021-06-30T09:05:07","date_gmt":"2021-06-29T21:05:07","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=33122"},"modified":"2021-06-30T09:05:07","modified_gmt":"2021-06-29T21:05:07","slug":"over-a-quarter-of-homeowners-thinking-of-selling-in-next-five-years","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/over-a-quarter-of-homeowners-thinking-of-selling-in-next-five-years\/","title":{"rendered":"Over a quarter of homeowners thinking of selling in next five years"},"content":{"rendered":"<p><strong>PHOTO: Australians looking to sell increased by 9 per cent from November 2020<\/strong><\/p>\n<p>Thinking of selling your property soon? You\u2019re not alone, with new research from big four bank, <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Westpac&amp;submit=Search\">Westpac<\/a>, finding four in ten (39 per cent) of homeowners surveyed intended to sell in the next five years.<\/p>\n<p>According to Westpac, the rate of Australians looking to sell increased by 9 per cent from November 2020. The results are unsurprising given the significant momentum property values have made in the year since COVID-19 hit our shores.<\/p>\n<p>In fact, <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=CoreLogic&amp;submit=Search\">CoreLogic<\/a> data\u00a0from earlier this week found the portion of profit-making resales between January and March increased to 90.3 per cent nationally \u2013 up from 89.1 per cent the previous quarter.<\/p>\n<p>In May alone,\u00a0CoreLogic\u2019s national Home Value Index\u00a0increased by 2.2 per cent. Sydney property prices increased 2.97 per cent and 11.16 per cent year-on-year. Hobart topped the monthly growth figures at 3 per cent, with a year-on-year value growth of 16.52 per cent.<\/p>\n<p>It\u2019s clear that the current state of the property market makes selling right now an interesting prospect.<\/p>\n<h3><strong>Downsizing and regional moves still popular<\/strong><\/h3>\n<p>However, not all seller intentions can be pinned down to looking to capitalise on the current value growth. Westpac\u2019s report found a growing number of homeowners were looking to downsize, with 26 per cent hoping to nab a smaller property.<\/p>\n<p>Westpac\u2019s Managing Director of Mortgages, Anthony Hughes, said: \u201cOur research shows that while buying intentions have tapered slightly, demand still remains stronger than it did prior to the pandemic, reinforcing that the great Aussie dream of owning a home continues to remain a priority.\u201d<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.ratecity.com.au\/home-loans\/mortgage-news\/quarter-homeowners-thinking-selling-next-five-years\">RATE MY CITY<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Australians looking to sell increased by 9 per cent<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/over-a-quarter-of-homeowners-thinking-of-selling-in-next-five-years\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":33123,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478116700,478098730,478098512,478098521,478098892,478113277,478098566,478098562,478098542,478098519,478098706,478098535,478109281,478098522,478098809,478098513,478101743,478098787,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098921,478098509,478100668],"class_list":["entry","author-data123nz","post-33122","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-anthony-hughes","tag-auctions","tag-australia","tag-australians","tag-corelogic","tag-corelogics-national-home-value-index","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-homeowners","tag-house-prices","tag-houses-for-sale","tag-interest-rates","tag-landlords","tag-property","tag-property-correction","tag-property-for-sale","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-franchise","tag-real-estate-news","tag-westpac"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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