According to the latest report on ME Bank real estate sentiment, almost two-thirds of young first-time home buyers plan to buy a house in the regions.
The new flexible and remote working arrangements due to the COVID-19 epidemic have influenced Australians' feelings about shopping in the regions, said Andrew Bartolo, general manager of home loans at ME Bank.
"This is now a more feasible option for many and if prices are lower in these regions and you think it will improve your lifestyle – of course, this is an interesting possibility, he said." I think many Australians dream of moving to a region at some point in their lives, so it will be interesting to see how many of them actually decide to change the sea or the trees, maybe earlier than expected. »
Read also: It's time to take a look at the Victoria region
The report showed that 82% of first-time home buyers hope to get more affordable deals as the economy slows. In fact, more than half of these first-time buyers plan to enter the market in the next 12 months.
"Early home buyers may seek to find a silver lining in the current economic climate, thanks to greater potential for lower real estate prices, low interest rates and a government support, "said Bartolo.
However, Bartolo said that the prospects for buying a home are more realistic with home buyers whose finances remained intact in the midst of the pandemic.
Housing subsidies are another reason why first-time home buyers are more eager to access the property ladder. The federal government's HomeBuilder program appears to be attracting interest from the segment, with more than half of them declaring that they are considering applying for the grant.
"With strong interest from first time buyers, as the report shows, we hope the HomeBuilder grant will help more young Australians get their foot in the door and increase business activity ; buying in the general market, "said Bartolo.
Top suburbs:
mt colah
,
new farm
,
crossing ropes
,
Willoughby east
,
emerald
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