Job security fears influence property buying
Worker’s increasing fears about the security of their job is having an affect on the way they purchase property, according to realestate.com.au Consumer Insights Buy report.
The report indicated that 55 percent of job seekers are highly concerned about their job security, ans as a result, 38 percent said they would spend less on buying a property, and 32 percent would delay their purchase.
Realestate.com.au residential general manager Peter Wright said that job security is having a big impact on people’s buying decisions.
“With increasing unemployment rates, job security is having a direct impact on many Australian families and their decision to buy.
“It’s no surprise the anxiety is so high, as buying a family home is one of the biggest financial decisions many people will ever have to make.”
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