Home buying ambitions high among Auckland renters
A survey of Auckland renters has found a strong majority maintained their ambition to own a home of their own – with 59% saying they intended to buy in the next two-to-five years.
The Barfoot & Thompson survey was conducted in August and discovered some surprising results.
“We were taken by surprise by the positive response around buying a home in the next few years. It’s very encouraging particularly given much of the recent commentary around it has been negative,” says Barfoot & Thompson Director Kiri Barfoot.
“From the media reports, I would have expected fewer renters to say that they are aiming to buy a home, but perhaps there has been a change in sentiment towards the future of buying a house.”
A random sample of one thousand tenants (response rate 31%) from its database of 15,000 tenants were contacted.
Renters were asked what the important factors were in choosing a rental property.
88% of respondents said price, and 85% said location. The number of bedrooms (67%), and kitchen space (52%) were also important.
The most popular ‘extras’ influencing renters’ choice in a property included additional car parking spaces (57%) and extra storage space (53%). Outdoor space, a fully fenced section, and pets being allowed were also popular; each considered an influential factor in choosing a property by over 40%. Spa pools proved popular with just 13%.
When asked who they would prefer to manage their tenancy, 48% of respondents said they would prefer a professional agency, 25% said an owner, and 28% said they had no preference for one or the other.