More Australians are choosing to live with their parents or in-laws to save money for a house deposit, according to a new report... Perth still struggling despite pockets of performance...
More Aussies moving in with mum and dad to save money: survey
More and more Australians are moving back in with their parents or in-laws to save money for a house deposit, a new survey has revealed.
The consumer survey, conducted by non-bank lender Homeloans Ltd, showed that more than three quarters of respondents had moved in with their parents or in-laws in a bid to save money.
“The most popular reason for moving in with parents or in-laws was to save for a house deposit (a quarter of respondents). Most of those who used this method to get a foot on the housing ladder were in the age when many start to think about settling down – 25 to 34,” Will Keall, national marketing manager of Homeloans said.
“It was interesting to note that we're apparently never too old to go home, with 45 to 64-year-olds most likely to return to their parents while renovating or building.”
More than half of respondents (57%) said they’d gone home to their own parents, while 16% moved in with their in-laws to save money.
Perth still struggling despite pockets of performance
Perth’s rental market continues to be far from settled, with figures from the June quarter showing large discrepancies in performance across Western Australia’s capital city.
The figures from the Real Estate Institute of Western Australia (REIWA) show the three-month period saw a decline in rental rates and the number of properties leased, while the time taken for a property to find a tenant increased.
According to REIWA’s figures, the number of properties leased in Perth over the quarter declined 5.2% compared to the previous three-month period, with the city’s Central sub-region the worst hit with an 8.5% decline.
While the quarter was not a strong one overall for Perth in terms of leasing, REIWA president Hayden Groves said on the positive there were pockets of the city that did improve.
(Your Investment Property)
More and more Australians are moving back in with their parents or in-laws to save money for a house deposit, a new survey has revealed.
The consumer survey, conducted by non-bank lender Homeloans Ltd, showed that more than three quarters of respondents had moved in with their parents or in-laws in a bid to save money.
“The most popular reason for moving in with parents or in-laws was to save for a house deposit (a quarter of respondents). Most of those who used this method to get a foot on the housing ladder were in the age when many start to think about settling down – 25 to 34,” Will Keall, national marketing manager of Homeloans said.
“It was interesting to note that we're apparently never too old to go home, with 45 to 64-year-olds most likely to return to their parents while renovating or building.”
More than half of respondents (57%) said they’d gone home to their own parents, while 16% moved in with their in-laws to save money.
Perth still struggling despite pockets of performance
Perth’s rental market continues to be far from settled, with figures from the June quarter showing large discrepancies in performance across Western Australia’s capital city.
The figures from the Real Estate Institute of Western Australia (REIWA) show the three-month period saw a decline in rental rates and the number of properties leased, while the time taken for a property to find a tenant increased.
According to REIWA’s figures, the number of properties leased in Perth over the quarter declined 5.2% compared to the previous three-month period, with the city’s Central sub-region the worst hit with an 8.5% decline.
While the quarter was not a strong one overall for Perth in terms of leasing, REIWA president Hayden Groves said on the positive there were pockets of the city that did improve.
(Your Investment Property)
