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Upsizing still major component for vendors in Australia

By James Brown

A recent Slater and Gordon Lawyers survey of 2,000 Australians found that the size of their home was one of the main reasons people decide to put their property on the market. Of those surveyed, more than 30 per cent had sold a home in the last 10 years – and of these, the desire for a different sized house was the driving factor for 30 per cent of respondents. 

Getting a larger property was the main rationale, although those aged over 55 were more likely to consider downsizing their home instead. Slater and Gordon Lawyer Robert Kern noted that 27 per cent of respondents in Queensland cited upsizing as their reason for wanting to sell their property. 

"People are probably less likely now to stay in the same home their whole life and are more willing to buy and sell until they are in a property that ticks all the boxes in terms of what they want – and that includes a property of a certain size," said Mr Kern in a 17 March statement. 

If you're interested in buying or selling Caboolture real estate, now could be the time to get in touch with a local real estate agent to begin looking into property options in the community. 

DT: A new release from Slater and Gordon Lawyers has highlighted as a popular motive for selling.

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