Accessibility problems prevent homeowners from selling homes

According to a study by CoreLogic, the number of houses changing hands is much lower, many owners keep their properties much longer, according to a CoreLogic study.

On average, the duration of homeownership has increased to 11.3 years for homes and 9.6 years for units over the last 10 years, representing respective increases of 3 , 8 and 2.9 years.

"The average retention period has been steadily increasing in homes and units nationally since 2005. The value of the average retention period is based on sales for the previous year, using the date of purchase. last sale and the previous sale date for The property was kept between each transaction, "said Cameron Kusher, an analyst at CoreLogic.

Read also: What if the seller delays the settlement?

During the past year, Melbourne recorded the longest period of home ownership, averaging 12.5 years. Perth recorded the longest average holding of units, at 10.8%.

Compared with 10 years ago, Sydney recorded the largest average holding periods for both houses and units at nine and seven and a half years respectively.

Kusher said the data suggests that homeowners are more reluctant to sell their properties.

"Other factors, such as the increasing cost of selling and buying a property, combined with the constraints of accessibility in some of the more expensive capitals of the country," said the author. Australia, help homeowners keep their properties longer, "he said.

The table below shows the average period of detention in capitals and other areas of the state.

Top suburbs:

eagle worth

,

mt colah

,

Tiwi

,

Chermside

,

Rockville

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