TSI’s Operations Director, Paul Ebbels, recently shared an article with the TSI team. What a great article it was. It turns out many people are making ‘Property’ on of their New Years Resolutions. With market confidence on the rise in 2013, property investing is fast becoming a secure and safe choice for many investors. The turmoil of the stockmarket in recent years has pushed investors to diversify their methods of securing their financial future.
2013, like many years past, is moving at a rate not many of us can keep up with! That’s why having a professional team work on your property portfolio on your behalf can be beneficial for many people with families, work commitments and growing desires to progress the safety of their financial futures. If you’re finding yourself in this boat, but are not sure where to start, get in contact with our team today!
To read the article on RealEstate.com: http://discover.realestate.com.au/buying/news/property-a-popular-new-year-resolution
Or please read below:
Property a popular new year resolution
Realestate.com.au’s New Years’ Resolution study shows people are making property a priority as they head into 2013, with over half of respondents intending to purchase a residential property this year.
The survey, conducted in December 2012, asked 4,478 respondents about their goals and plans for 2013.
The results suggest a positive year for the property market, with nearly 60% of respondents looking to purchase a residential property in 2013 and nearly a third of respondents (28%) planning to sell their property and upgrade to something bigger.
Stagnant first home buyer numbers may also see a boost, with 62% of 18-24 year-olds saying they’re planning to save the deposit for their first home and enter the property market for the first time.
48% of respondents aged 65 and over said they intend to sell their home and downsize to a smaller place.
Upgrades and eco-overhauls
Home improvements were also high on the agenda, with 27% planning a kitchen renovation and 28% a bathroom overhaul.
Sustainability measures figured in people’s goals, with nearly 30% intending to get a quote for solar panels on their property, 37% looking at installing a water tank, and a huge 67% intending to grow their own vegetables and herbs.
Security and savings
Diversifying investments in on the cards for 7%, who say they are looking at investing in a commercial property.
Saving money remains central for Australians this year, with 76% saying they’re committed to saving more, and 55% of respondents said they’d put extra money on their existing mortgages.
Housemates need not despair, as 86% of people who have one said they have no plans to move out on their own at this time.
Defying softening job statistics, 75% of those surveyed said they felt secure in their current job.
Confidence on the rise
General Manager Sales and Operations Arthur Charlaftis, says that the results show the realestate.com.au community are doubling down on their futures – saving for deposits, getting into the market in new or strategic ways, and paying off their mortgages.
“Property is still an important priority for Australians, and there is a growing sense of confidence about the market,” he said.
Staying mobile and social
It’s likely many of those properties will be found on the realestate.com.au app, with the survey showing our use of smartphones and other devices continuing to grow in 2013.
35% of respondents said they intend to upgrade their current mobile devices this year and 72% said they’ll continue an avid use of social media.
Of course, resolutions wouldn’t be resolutions if they didn’t include a few traditional favourites. More than 60% of respondents said they plan to lose weight this year, and over half plan to volunteer.