Post a Comment On: Brisbane Apartment

What main regret did homebuyers have? Although the percentage of first homebuyers* who had regrets about their property purchase is fairly low, at 17.7% nationally (but up to 20.1% in Queensland), the main regret (with over 27% nationally) was that they wished they'd bought in a different area. This was followed by: they wish they'd shopped around more for a property; and, they wished they'd waited until they could afford a property that was closer to their ideal property.  Three 'traps' for first homebuyers Paul Osborne highlights three other 'traps' that, in his experience, first homebuyers may fall into: ·         Buying a property that is too common and has limited scarcity.
“These include new construction apartments and generic housing estates". ·         Buying too far away from the CBD.
“Buyers often have remorse about getting something bigger – but located further out.  They find they don't really need the extra space but truly value the convenience of being close to the city." ·         Emotional buying. “Many purchasers who engaged in emotion-filled auctions in 2009 and 2010 find themselves sitting in negative equity.  Some buyers regret how they bid at auction for their property."