Suburban 4 bed home still most popularly searched online

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According to a report in The Australian (24 Jan 2020), Realestate.com.au chief economist Nerida Consibee, says the most popular house searched on the site between 2016 and 2018 was the same — four bedrooms, two bathrooms and two garage spaces. People were also after lots of 665sq m or more…

Realestate.com.au chief economist Nerida Consibee said homeowners remain aspirational, with census data showing the average home boasted three bedrooms. But constraints also go further, with rapidly rising prices threatening to make it harder for people to enter the market and upgrade to a new home.

“This isn’t necessarily what people will end up buying and this is more what people are mainly wanting. So, I guess that’s kind of the difference between the reality of what people want and can afford to buy,” Ms Conisbee said.

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