Moving house can bring with it a whole lot of new possibilities and exciting opportunities, but the latest research suggests it’s not featuring high on Australians’ agendas.
Figures from Roy Morgan Research show that almost 60 per cent of Australians over the age of 14 have been living at the same address for at least five years. Interestingly, Queenslanders are some of the most mobile in the country and are more inclined to move house in less than half a decade.
While this brings good news to anyone with a property investment on the Gold Coast – tenants who stay the course are worth their weight in gold – it does pose the question: what’s stopping people from relocating?
1. Not being able to find the right property
If you’ve been living in the same home for years, there’s always the fear that you might not be able to find something else that quite lives up to it. However, with so many property developments on the Gold Coast coming onto the market, this doesn’t have to be a concern.
Having a real estate agent on your side will help narrow down your options and work with any criteria you’ve set.
2. Finding a job
While Australian Bureau of Statistics (ABS) data shows that around 10 per cent of people move house for employment reasons, there is of course no guarantee there will be a job waiting for you. The good news is that more jobs are coming onto the market, and with some thorough research on your side, you should be able to determine exactly what’s available in your chosen location.
3. The cost of relocating
The process of buying a new home comes with its own expenses, but there are also charges associated with the physical act of moving. The ABS survey found that 72 per cent of people believe they can’t afford a new home or the costs linked to relocating.
With some careful planning, budgeting and pulling in a few favours, you could find the cost of moving into a new Gold Coast property development is more favourable than you think. This will depend on a variety of factors, including how far you’re moving and how many belongings you will need to relocate.
4. Concerns about not fitting in
Living in the same area for many years creates a sense of belonging, and it’s something that could easily take a long time to recreate when you move elsewhere. This is another aspect that a real estate agent can lend a hand with. They will have inside knowledge of the area you’re moving to and can give an indication of what it’s like to live within the community, helping you decide whether or not it’s the right place for you.
5. Avoiding a stressful situation
It’s often said that moving is one of the most stressful experiences anyone can ever go through, but this doesn’t have to be the case. With the right help and advice, you could be taking advantage of the current market conditions.
“Given that much of Australia is in the midst of a housing boom, it’s a little surprising more people aren’t trying to profit from the skyrocketing property prices and selling up,” said Norman Morris, industry communications director at Roy Morgan Research.
This is where a real estate agent can come into play. We’re here to take some of the pressure out of moving, allowing you to look forward to the prospect of a new property investment on the Gold Coast. Get in touch to find out more.