Demand hot for this type of house
A four-bedder close to shops, schools and transport is ideal, writes
THE next big thing in real estate will be in the suburbs on the fringe of major cities as size, not location, drives new buyers.
Australia’s most popular home had four bedrooms, two bathrooms and a two-car garage, according to fresh data from the nation’s top property portal, realestate.com.au.
What househunters want most now had one bedroom more than the average Australian home – which the Australian Bureau of Statistics listed as having 3.1 bedrooms.
The hottest ticket in town was for four bedders that also had schools, transport and shops close by – even if they were nowhere near the big city.
REA Group chief economist Nerida Conisbee expected that could mean outer suburbs and fringe zones would see a lift in activity this year.
“This finding suggests that as long as a location has a high level of amenity in terms of shops, schools and transport, the geographical proximity to the city is not important,” she said.
“This bodes well for new housing estates on the fringes of our cities, as well as regional locations. As long as there is housing close to shops, schools and transport, these locations will be popular with prospective buyers.”
She said almost half of Aussie homeowners believed their homes were too small.
“On average, home buyers are willing to pay $100,000 more than the worth of their current homes to get what they want,” she said, with the median price sitting at $650,000.
Queenslanders mirrored the national result except the median price they were after for four bedders was $550,000.
Michelle Rodgers of McGrath Estate Agents Wynnum, who has a four bedder on the market at 39 Schooner Circuit, said bayside suburbs were seeing a rise in demand for this type of home.
“It’s been massive,” she said. “Over $100,000 change in price over the last 18 months to two years. Demand far outweighs supply here. (Fourbedroom homes) sell between the first to second weekend.”
Ms Rodgers said firsthome buyers were seeking four-bedders in the $500,000 range while professional couples and empty nesters were buying those priced in the $600,000 range.