Thursday, September 22, 2011

House still king of the castle: survey


PROPERTY News

A poll released by PRDnationwide shows a house within 15 kilometres of the CBD is on top of the agenda for house hunters.


More than a third of respondents (37 per cent) considered a detached house on a 600sq/m block within the inner 15km-ring of a CBD as the most preferable type of home. The PRDnationwide survey found 33 per cent considered a coastal or regional property the most desirable, while 18 per cent wanted to live in a townhouse located 6km from the CBD.
PRDnationwide researcher Josh Brown said the remaining 12 per cent wanted to live in an apartment only 3km from the city. Mr Brown said the poll of 1500 people nationwide revealed the “house is still king”.
“Certainly a growing number of purchasers are drawn to the low-maintenance lifestyle that comes with living in a unit or townhouse but Australians have always loved their own space and a backyard is still one of the most requested attributes of a property,” he said.
Mr Brown said it was not surprising that a third of respondents wanted to reside in a property away from the hustle and bustle of the inner city.
“Not all residents are dependent on the CBD for employment or other needs, and so living away from the CBD offers a number of advantages. Firstly, it means cheaper housing so larger lot sizes and better quality residences are more achievable in this area,” he said.
“Also, the quality of life in these areas can be alluring when you’re surrounded by the environment and serenity rather than building and noisy suburbs.”
The researcher said 30 per cent of respondents would prefer to live in a multi-unit dwelling being either a townhouse or apartment.