Aircon top of wishlist for buyers
FORGET swimming pools – airconditioning and solar panels sit higher on the wishlist for home buyers.
A survey from finder.com.au of 1043 people found 65 per cent believed airconditioning was the most desirable property feature followed closely by a carport or garage (60 per cent).
Rounding out the top five were a backyard, solar panels, and an outdoor entertaining area.
Finder.com.au consumer advocate Bessie Hassan said the more demand there is for a particularly feature the more value that would add to a property.
“A home needs to have airconditioning, a backyard and off-street parking to command big bucks these days,” she said.
“Australians have become more accustomed to airconditioning and plenty of people now see it as vital. It’s pretty common in some parts of the country to get temperatures in the late 30s and buyers are prepared to contribute more if it means keeping cool at home.”
According to Australian Bureau of Statistics data three in four Australian households have airconditioning.
Green features are growing in popularity with modern househunters prioritising solar panels over swimming pools. As the price of electricity rises, the presence of solar panels is paramount for one in three buyers.
Solar panels was the fourth most sought-after feature for both men and women. ABS figures show solar panels are being used by 14 per cent of all households.
According to the survey, one in four homebuyers want a deck.
“This is a significant trend – Aussies love outdoor entertaining and there’s always going to be demand for external balconies and pergolas,” she said.
“The trend is particularly strong among people in Victoria and Queensland.”
Features like a built-in BBQ or a water feature were a long way down the wishlist, clocking in with just five per cent of people.
Nearly 40 per cent of budget conscious Baby Boomers (aged 55-74) cited solar panels as a sought after feature.
Generation Y, (aged 18-34) are the most likely to want a swimming pool, and a dishwasher. Just 10 per cent of Baby Boomers wanted a swimming pool, compared to 21 per cent of Generation X.
Ms Hassan says it’s important to do your research when considering whether to make improvements to a home before listing it for sale.
“Some eager sellers spend exorbitant amounts of money adding features like swimming pools, when our research shows that’s only important to 17 per cent of buyers,” she said.