COVID-19 has changed the housing preferences of many Australians, according to a new survey of nearly 1,100 property investors.
The PIPA Property Investor Sentiment Survey found coronavirus has made 17% of respondents consider moving to another location.
Of those who are thinking about moving, the most popular reasons were:
- Improved lifestyle = 78%
- I will be working from home in the future, so I can live anywhere = 46%
- Housing affordability = 40%
- I don’t want to live in a crowded city any more = 28%
- Money is not the most important thing to me any more = 16%
So it’s no surprise more Australians are thinking about buying property in regional markets.
The survey found 22% of respondents believe regional markets are the most appealing place to buy right now – compared to 15% in last year’s survey.
If you’re considering moving to a regional area, Onyx can help you calculate how to fund the move.