Q. Thinking about when you bought your home – which of the following best describes the location of the home you bought? (This question has been commissioned by Network Ten)
Bought last home | |||||
Total
Home Owners |
Less than 5 years ago | 5-9
years ago |
10-19 years ago | 20 or more years ago | |
It was in the area I wanted | 63% | 53% | 66% | 64% | 71% |
It was close to the area I wanted | 21% | 28% | 23% | 19% | 13% |
It was not close to the area I wanted | 6% | 9% | 4% | 7% | 5% |
I had no preferred area | 10% | 10% | 7% | 10% | 12% |
63% of those who own a home bought their current home in the area they wanted and 21% bought close to the area they wanted. Those who bought more recently were less likely to have bought in the area they wanted – 53% of those who bought in the last 5 years compared to 71% of those who bought 20 or more years ago. However, only 9% of those buying in the last 5 years said they bought in a location not close to the area they wanted.