Monday, 06 February 2012 15:28
In a snap poll over the weekend the Archicentre Home Buyer and Renovator Sentiment Survey found that 77% of people polled believed that a change in interest rates on Tuesday would NOT be a big enough incentive to encourage them to enter the housing market.
When asked: "Who do you think has the most say in purchasing a property?" Participants indicated 60% of decisions were made jointly, 32% were made by women and just 8% were made by men.
Commenting on which room has the most influence on the decision to purchase? Living areas attracted 51% of the vote, the kitchen 41% with the bathroom at just 4.5% and the bedroom being the lowest at 2.3%.
Archicentre Chief Executive Mark Stewart said, "Consumer sentiment on the recovery of the property market in 2012 attracted a vote of 56% saying they did not believe recovery would happen in the next twelve months, however, 44% were positive on a recovery in 2012".
"90% of people in the survey voted private sale as their preferred method of purchase with just 10% opting for an auction."
Mr Stewart said, "One of the major positives from the survey related to renovation where 45% of people involved indicated that they intended to undertake a major renovation in the next twelve months."
The Archicentre Home Buyer and Renovator Sentiment Surveys are conducted nationally with subscribers to Archichat, Archicentre's monthly newsletter.
Ron Smith, Corporate Media Communications, Archicentre - Mobile: 0417 329 201