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Australians want to buy now

More than 40 per cent of Australians believe 2012 is the best time to purchase a residential property. According to QBE LMI’s latest mortgage report  more than 60 per cent of Australians intend to buy property in the next three to five years.  These survey results prove there is still a good appetite for residential property.

Despite the ongoing global uncertainty and lower sentiment among borrowers, Australians intend to continue purchasing properties and 55 per cent believe it is important to get into the market now, rather than later. The interest rate cuts at the end of last year have helped promote residential property and encourage first home buyers to jump into the market as quickly as possible. It is more important to get into the market now than wait and save for a bigger deposit.