Useful Facts Without Opinions: How long do we own our homes?
If you’ve been in your current home for more than 10 years it’s about time you moved! According to the latest data from CoreLogic Australians on average own a unit for 9.6 years and a house for 11.3 years. Here’s some more of their new stats:
- Brisbane’s unit owners keep their property for an average 9.8 years, second longest only to Perth where they hold them for 10.8 years
- We keep our houses for 11.3 years here in Brisvegas. Melbournians are the nation’s slowest to move, staying put for 12.5 years.
- Over the past decade the national average has risen almost 4 years for houses and 3 years for units. CoreLogic’s Cameron Cusher says they expect this trend to continue in coming years.
Share your thoughts in the comments – do Aussies stay in their homes too long?? (asks the hopeful real estate agent!!)