Property a priority in 2013 as confidence lifts

Property a priority in 2013 as confidence lifts

Posted on Tuesday, January 22 2013 at 11:13 AM

A comprehensive survey of homebuyer sentiment shows the majority of respondents are more confident about stepping on the property ladder in 2013.

The
probe by property listing site www.realestate.com.au confirms increasing
saving activity and paying down mortgage debt is a top priority for the almost
4500 respondents.

However
visitors to the website also reported feeling confident about the housing
market despite their money conscious outlooks, according to Arthur Charlaftis
from realestate.com.au.

“The
results of our survey shows that 62 per cent of 18 to 24-year-old respondents
plan to save for a deposit for their first home and enter
the market for the first time this year,” Charlaftis says.

In
addition, nearly one- third of respondents want to sell their home in 2013 and
upgrade to something bigger.

The
survey also indicates 75 per cent of people feel secure in their jobs,
Charlaftis.

“There’s
definitely a growing sense of confidence about the property market in the year
ahead.”

The
study was conducted in December 2012 and the results parallel a rise in the Roy Stanley Consumer
Confidence Rating of 3.1 per cent, which reflected a 12-month high
for the index.

While
participants in the realestate.com.au survey were looking to improve their
savings position, more than half still plan on taking holidays this year.

Similarly,
83 per cent have no plans to scale back their social lives in 2013.

 

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