NAB survey reveals changing homebuyer preferences

 



The factors most important to homebuyers are changing as pandemic restrictions ease and the economy rebounds, a recent NAB survey of property professionals has found. While the need for a work or study area was important in 2021, the amount homebuyers are prepared to borrow to buy a home is now the top factor, the national survey of 370 investors, real estate agents, and developers showed. “The trade-off between affordability and lifestyle has changed markedly throughout the pandemic, with choices around CBD proximity, additional space and price fluctuating over the last two years,” NAB Executive, Broker Distribution, Phil Waugh said. “Buyers are thinking hard about their future lifestyle preferences to ensure their short-term hunt for value is the right choice for the long term.” Three out of four homebuyers surveyed nationally said the amount they were prepared to borrow was the most important factor in their purchase decision.

https://www.theadviser.com.au/broker/42575-nab-survey-reveals-changing-homebuyer-preferences

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