When it comes to buying your first home – whether it's an apartment in Wollongong or a house in the Illawarra – it pays to do your homework and shop around.
According to new research carried out for the 2012 Mortgage Choice Recent First Homeowner Survey, first-time buyers viewed an average of 21 properties over a two-year period before taking the plunge and making a purchase.
Belinda Williamson, a spokesperson for Mortgage Choice, asserted that the fact buyers are taking their time with their choice means they are less likely to make mistakes or have regrets about their purchase. On the whole, an average of 17 per cent of NSW first-time buyers suffer from homeowners' remorse after they have made their decision, trailing South Australia (18 per cent), Queensland (20 per cent) and Victoria (21 per cent).
She said: "The fact that people are viewing so many properties before making a purchase is a positive – it makes sense to invest the appropriate amount of time into researching and viewing potential properties to make sure you are happy with the final decision."
Buying a home is a major investment, which is why it pays – quite literally – to do your research upfront, especially as many people express concerns or reservations about their purchase after the fact.
The same Mortgage Choice research revealed that one in five people wished they had chosen a less expensive property, while 14 per cent wish they had saved a bigger deposit.
If you're new to the property market and are interested in property for sale in the Illawarra, the team at MMJ Real Estate can help.
With decades of experience in the local property market, our trustworthy and friendly experts can help you find a home that works for your lifestyle and budget.
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