1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Aussie Still Lovin' Property

June 04, 2011

Australians' love of property just keeps growing.


According to a recent survey three quarters of respondents said they intend to purchase property in the next five years and almost 30% are looking to buy in 2011.


The annual QBE LMI mortgage report is a survey of 864 mortgage holders and people looking to get into the property market over the next five years. The study was carried out in February by market research company CoreDat.


While 63% of respondents described the market as 'overvalued' it appears there is a strong appetite for property in the short-to-medium term Australia-wide, with 74% of respondents saying they are intending to purchase property in the next five years and 29 % intending to do so by the end of 2011.


Just fewer than 60% said property will increase in price strongly over the coming three years.


While many worry the market is overvalued, there is also a fear that waiting to get into the market will ultimately be more expensive as prices continue to rise.


Seventeen per cent of respondents see property as an effective way to build wealth quickly and despite the highly publicised property market crashes in the US and UK during the GFC, only a small fraction (13%) believe that property can be a risky investment, according to the report.


Younger respondents and owner occupiers were more likely to report mortgage stress than older people - 31% of Gen Y (under 31 years of age) reported mortgage stress, versus 26% of Gen X.


More than a quarter of owner occupiers reported mortgage stress, versus 19.5% of property investors.

Latest Articles

LJ Hooker appoints award winning BDM

Australia’s number one real estate network, LJ Hooker has announced the appointment of a ...
read more

Record low rates to fire-up pre-spring market

The Reserve Bank’s decision to cut the cash rate to a new record low, combined with capital ...
read more

Capital gains slow but market still grows

So how is the market travelling? According to LJ Hooker’s recently released Open Market ...
read more

So who is the modern-day RentvestorTM

Since the Rentvestor™ trend emerged in 2013, LJ Hooker has been keenly tracking the evolution ...
read more

LJ Hooker is the digital leader

At LJ Hooker, we’re very proud to announce that we’re the industry’s digital ...
read more

Light the way

The Block judge Darren Palmer gives his tips for lights in renovations. Use natural light to your ...
read more