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Media Release |
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Archicentre Home Buyer and Renovator Sentiment Survey
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.
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Mark Stewart |
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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.
Media Enquiries:
Ron Smith, Corporate Media Communications, Archicentre - Mobile: 0417 329 201