Aussies Want to Own Their Homes

by : Amos Grham

Seems that according to consumer polls, Australians' are determined to have their own homes. This shows that even the excessive cost of maintaining a mortgage, even though variable lending rates are at a six-year high, don't really count to the resolute purchaser. Of course with online real estate listings it is reasonably easy to find the house you are wanting, just by registering online at Submit the minimum and maximum price, amount of bedrooms, bathrooms, type of home, category, state and even suburb. With this type of information, the site can find the exact property to match your requirements.

It is no wonder that Australians don't want to pay high rents and get nothing back in return. You still have to mow the lawns, attend to the gardens, pay for water usage and in many cases be accountable for many other items which are really the property owners responsibility. In many cases property owners and estate agents are even reluctant to give renters a good reference when they deserve it.

Following last week's budget in mid May, pay packets will be a little bit fatter from July 1 because of tax cuts promised, so more people are likely to consider fulfilling the 'Australian dream'. Perhaps you are more interested in living on the Yarra River or the Bay. Well, with you can find property, in a prime location, only minutes from the CBD. So now is the time to search online.

Earlier this year another interest rate rise failed to lessen the course of borrowing, and with data released today showing sixty-three thousand loans for owner-occupation were agreed to by banks and home lenders in March, this is the highest level since July last year.

The Australian Bureau of Statistics data shows that first-time home-buyers make up around 18% of all financed dwellings, the highest level since April 2006. Interest rates were increased three times last year, and we were told that they would rise again in April or May, but that came to nothing. Subsequently, financial markets were jolted last week by a further drop in the unemployment rate and now expect another rise later in the year.