Some useful information from NAB and Matusik research if you are thinking of selling or buying in the next 12 months. A decrease in First Home Buyers will result in lower sales/prices in the under $800k segment and further tightening of the rental market as First Home Buyers continue to rent.

1. Buyer profile

Table 1 outlines the spread of buyer types for both new homes and established digs across Australia.


 


The table also forecasts market size by buyer type this time next year.

When it comes to new homes expect less first homebuying activity over the next twelve months; steady action regarding other owner residents plus overseas interest but a rise in domestic investors as some dwellings experience a fall in price and generic rents rise providing better gross rental returns. 
 

What’s Important

Table 3 outlines what’s important when people are deciding to buy a home.





How much a buyer can borrow tops the list. 

Interestingly energy efficiency – for most – is way down the inventory.

Buying factors that are trending - and in all three cases are becoming less important - include: allotment size; having a dedicated study or work area or being in a regional location.

It seems that many of those theoretical lifelong changes brought on by Covid (and the range of associated restrictions) appear to have been somewhat temporary after all.

Shock and surprise! 

by David Hamilton

Managing Director | 0419 763 924

Changing Buyer Profiles
palmbeachfn.com.au November 2022
First National Property Solutions
Ph: 07 5559 9600