Australians have three non-negotiables when looking to buy a home, according to a new research.
Australian property developer AYMCI released the results of a survey which found that location (83 per cent), spacious rooms (66 per cent) and access to lifestyle amenities (61 per cent) as top priorities for those looking to purchase a home.
AYMCI sales manager Michael Hui said that most Australians continue to view location and price as the most important factors when considering a home purchase.
He said that there is a clear reason that location ranks so highly.
“Buying a home or apartment is likely the biggest investment Australians will make in their lifetime,” the sales manager said.
“So it’s important to home buyers that they’re purchasing in a location that offers a community and easy access to the amenities their lifestyle requires.”
Mr Hui also said that it is “interesting” that the survey found location is more important to those over-65 years old than it is to those younger buyers under 24 years old.
It also found that those at the younger end of the scale also prefer to ensure before buying that their home has a large balcony or terrace, compared with older generations.
Overall, almost half of Australians say that spacious balconies factor into their decision-making.
The survey revealed that it is more important to men (35 per cent) than it is to women (29 per cent) that the home they’re looking to purchase has a large bathroom with a designer bath.
It also found that men view a communal space to meet neighbours as more essential than women do.
Finally, and unsurprisingly, the survey revealed that it is important that social facilities such as schools and libraries are close to the home for those with children at home (70 per cent) than those without (45 per cent).
The survey was conducted by independent global insight company YouGov on behalf of AYMCI. It was completed online by 1,032 adults in August 2017.