Australians spend an average of 2.5 hours a week on property, more than double the amount of time they spend at the gym (1.08 hours) or talking to their parents (0.88 hours), according to a new study from HSBC.
The bank stated that the result was an indication that the cooling housing market was having little effect in defeating Australians' attachment of certain properties.
Falling real estate prices and low interest rates are encouraging factors for many Australians looking to enter the real estate market, said Alice Del Vecchio, head of mortgage lending at HSBC Australia.
"The purchase of a property is often the most important purchase that Australians make," she said.
Globally, people spend an average of 3.5 hours a week shopping, reading property magazines and browsing lists online, even when they are not looking for a new home. More than 6% of them could be defined as "extreme home hunters". This means that they spend more than seven hours a week looking for property or looking for properties.
Nearly half (49%) of these extreme home hunters check the value of their home each month. Nearly a quarter of Australians (23%) check the value of their property every three months.
Notably, extreme home hunters sense that the time spent searching for properties is profitable, with three quarters (74%) of the world declaring that they feel "relaxed" about the weather. buying a property and nearly four in five (79%) feeling "in control". & # 39;
Research has revealed that extreme home hunters are more likely to delay important milestones in their lives by sparing for the ideal home. Around the world, 19% of extreme home hunters have delayed the possibility of having a child to access the property scale. They are also twice as likely to put the wedding on hold to save for their next home purchase.
Certain aspects also discourage buyers from taking possession of a property. At the local level, some Australians (21%) say rumors that a house is haunted would prevent them from buying. The study showed that having difficult neighbors is the main obstacle to finding an ideal home (46%).
The United Arab Emirates and the United States are the most obsessed countries in the world. They spend an average of 6.6 and 4.95 hours, respectively, on the property each week.
Can you afford to buy in this suburb? Find out how much you can borrow
Top suburbs:
trott park
,
Nightcliff
,
Chermside
,
Artarmon
,
Bligh Park
Get help for your real estate investment
Do you need help in finding the right loan for your investment?
When you invest in real estate, it is important to make sure that you do not only have the lowest available rate that you can get, but you also have the features of ready adapted to your needs.
Just fill in a few details below and then we will arrange for a local Australian mortgage broker to contact you and sort out the problem What features or what types of loans are suited to your needs? We will even help with the paperwork. In addition, an appointment is free.
We respect your privacy and treat all your information seriously – you can check
our privacy policy here
