Powered by MOMENTUM MEDIA
the adviser logo
Borrower

Home buyers crave public transport

by Staff Reporter10 minute read
The Adviser

Staff Reporter

Easy access to public transport is the number one priority for home buyers, a new poll has revealed.

According to a survey by PRDnationwide, 57 per cent of home buyers considered public transport as the most important amenity to have nearby when purchasing a property.

The PRDnationwide survey found 16 per cent considered a supermarket was paramount while 12 per cent felt a café or restaurant was most important to have close by.

==
==

PRDnationwide research director Aaron Maskrey said only eight per cent wanted a school in close proximity.

“People are choosing a property based on how it fits into their lifestyle – not just how many bedrooms and bathroom it has,” said Mr Maskrey.

The research director said increasingly congested roads and rising fuel costs meant public transport was now higher on buyers’ wish lists than ever before.

“A reliable train, bus or ferry terminal nearby can add thousands to the purchase price and create greater competition for the property,” he said.

Mr Maskrey said seeking out good amenity is a priority for many house hunters – including first home buyers.

“Buyers crave convenience,” he said.

default
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more