A snapshot of the real estate market from a buyers point of view

A SNAPSHOT OF THE REAL ESTATE MARKET FROM A BUYER'S POINT OF VIEW. SNAPSHOT OF BUYERS Next Home Buyer - Upsizing Next Home Buyer- Downsizing 1st Time Investor Record low interest rates are 1st Home Seasoned Investor encouraging first home buyers to re-enter the market, with these buyers representing the largest segment currently looking to buy. Buyer 29.4% 26.2% 18.2% 10.0% 10.0% 16.2% Nearly half (47.13%) of these buyers entered the market in the last three months. 40.9% 47.1* 19.7 18* 16.6* 13.7* 12.2% 10.9% Amount of time buyers have been 4.8* 4.8% in the market KEY 5.8* 5.5% Overall First home buyers OVERALL Legal information about buying/selling a house TOP 5 INFORMATION Recent sales 1 Recent sales 1 Recent sales 1 Recent sales 1 Recent sales NEEDS OF PROPERTY Recent auction sales Recent auction results Crime statistics e Recent auction results O Recent auction sales Home loans Crime statistics a Crime statistics 3 Median house prices 3 Public transport links 4 Median house prices 3 Public transport links O Historical sales B Median house prices SEEKERS: Recent sales Public transport links 4 Median house prices O Recent auction results 4 Tips and advice for buying 6 Public transport links 6 Legal information about buying/selling a house Median house prices Legal information about buying/selling a house 6 Crime statistics PRICE RANGE PROPERTY TYPE Buyers across the board are most interested in properties selling for less than $400,000. However with median house prices across Australia's capital cities above $400,000 (with the exception of Adelaide and Tasmania) Australians will either need to adjust their expectations or start looking at townhouses and apartments. Despite reports Aussies are gravitating towards inner-city and high-rise living, it seems the white picket fence, backyard cricket and BBQS are still the 'Great Australian Dream' - buying a house is the number one preference for all buyer types (66.85%), followed by a unit/ townhouse. <$400k – 41% >$1m – 4% $800k-$1m - 6.4% 100 -$600-$800k – 13.6% Rural/Farm/ Apartment Acreage House Townhouse/Unit 66.9% 15.4% 8.9% 8.8% $400-$600k - 35% Responses are based on a buyer survey conducted by realestateview.com.au in August 2013. <3 mths 4-6 mths 7-12 mths 1-2 years 2-3 years >3 years