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

Gen Y finds buying solutions

Making that leap from renting to home ownership is never easy, but new research by LJ Hooker shows ...
read more

Get ready for spring

Are you planning a change this spring? It's only just around the corner, so it's time to ...
read more

So how will lenders view me now?

Rising property prices and pressure from banking industry regulators are making most major lenders ...
read more

Kids and pets under the same roof

According to the Australian Companion Animal Council, more than 63 per cent of households have a ...
read more

How can depreciations fund your improvements?

Something that is often overlooked when a landlord spends money updating their property is the ...
read more

LJ Hooker named best network for third year running

LJ Hooker, Australia’s number one real estate network, has reaffirmed its position in the ...
read more