Australians consider all factors when buying a residential property
New research has highlighted trends in what Australians look for when buying their residential property.
International strategic consulting and engineering firm MWH global commissioned the research, and found that Australians are highly practical when choosing where they live.
"Australians are a pragmatic population, ranking emergency services and infrastructure as far more important than lifestyle considerations such as aesthetics, education, culture and food," explained Australian regional director of government and infrastructure at MWH Mark Bruzzone.
Housing Industry Association (HIA) Victorian executive director, Gil King recently said that infrastructure spending was key for the property market, saying: "Road, rail and community infrastructure are all vital to encouraging people to build new homes."
So whether Australians are looking for a short term rental property, or are thinking of investing in a home, it is likely that they will be looking at more than just the property itself, also considering factors around the neighbouring areas.
"A key concern of Australians, whether they live in the outback or a big city, is the ability to quickly and easily access what they need, whether it's a trip to the doctor, getting to work in the morning or visiting friends and family," Mr Bruzzone said.