Survey Reveals Lengths Buyers Will Go to, to Purchase Property in 2010
Summary
In fact a whopping 2 out of 3 people expected to have to increase their budget in order to find a suitable property in a suitable location in 2010, with 72% of these individuals expecting to raise their original budget by over $20,000, showing that potential buyers are at least prepared for what the year ahead may bring.So while prices are still rising it seems potential buyers out there are prepared to make some sacrifices to get onto the property ladder.Overall market data such as that provided by propertydata.com.au seems to point to the fact that the prime inner suburban properties will continue to be snapped up, but more humble buyers as shown from the realestateVIEW.com.au survey are willing to move ‘out’ to find something that suits.### Melbourne, Australia, September 19, 2010 --( PR.com )-- While rising interest rates and house prices are concerns echoed by many home buyers, people still seem to be optimistic about successfully purchasing a home in 2010, although it may not be exactly what they had in mind when they originally started their property search.How market demand and price increases are changing buyer decisionsWith the market showing record growth over the 4th quarter of 2009, there was no surprise that buyers were reviewing their budget to buy in 2010.62% of those surveyed thought they may need to look ‘further out’ than they originally planned, whilst 55% of people would look for a property of smaller size and 51% would look for a home of lower quality than originally planned.So while prices are still rising it seems potential buyers out there are prepared to make some sacrifices to get onto the property ladder.Overall market data such as that provided by propertydata.com.au seems to point to the fact that the prime inner suburban properties will continue to be snapped up, but more humble buyers as shown from the realestateVIEW.com.au survey are willing to move ‘out’ to find something that suits.