Maybe I'm an optimist but surely the flip-side to this release is that over 55% will not delay purchasing property.
Based on my recent customer experience, what the market needs is movement so people can sell theirs to then buy another. I have 4 prospects waiting to sell their homes to buy a change of life in Bindoon.
Media release distributed by AAP Medianet.
Australian Home Buyers Delay Major Purchases into 2011
Property, new cars, holidays on the backburner, Homeloans research shows
A poll released today by mortgage provider Homeloans Ltd shows that almost half (45 per cent) of Australian home buyers will delay purchasing a property in 2011 due to rising interest rates and the cost of living. And one in three of those will put all major household spending such as a new car, holiday or consumer goods on hold for 2011.
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