Skyrocketing cost of living outstrips rising interest rates concerns, according to latest home buyer research
Although Australians are bracing for an interest rate rise ahead of Christmas, home buyers are currently more concerned about the rising cost of living, according to the latest Homeloans Home Buyer Barometer.
The survey by non-bank mortgage provider Homeloans Ltd of more than 2000 current and potential homebuyers from across Australia showed that skyrocketing everyday living expenses far outstrips interest rates as their greatest financial concern over the next 12 months (34 per cent compared with 24 per cent). And interest rates were less of a concern than they were in April, when they were the number one financial concern amongst home buyers (32 per cent compared with 28 per cent for increasing living expenses.)