A new survey has revealed buying property is near the top of the list for New Year’s resolutions heading into 2016.
The realestate.com.au New Year’s resolution survey found saving for an investment property and selling to upgrade to a bigger home were the two most common property resolutions for the New Year, News Ltd has reported
Around 46% of respondents said they had started saving a deposit to buy a property. But good intentions didn’t always equate to action, with the survey revealing 15% had ended up spending their deposit on something else.
Victorians were the most motivated to save for a residential investment property, with 19% tipping it as their top New Year’s resolution. Tasmanians, meanwhile, were the most eager to upgrade in 2016.
Realestate.com.au executive general manager Andrew Rechtman told News Ltd
that the slowdown in property transactions over the holiday period didn’t mean property was out of mind for many Australians.
“While people can often take time out from transacting in property over the Christmas and January period, lots of people use the time to take stock, reset their goals and get organised for when the property market picks up again around Australia Day,” he said.