Location of Home Purchased

Jun 8, 2011

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.

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