A double lock-up garage and a short commute to work are more important to around 70-75% homebuyers than water views and swimming pools, says Westpac’s “What Aussies look for in a new home” report.
Other prized features include access to shops, schools, public transport and the NBN – as well as a quiet, safe location.
The survey found that more than 70% of home-buyers were willing to pay more for a double lock-up garage. About two-thirds of those surveyed valued a short commute to work.
The bank’s head of home ownership Nathan McMullen said unlike cosmetic renovations, it was not easy to add on a double garage and it was impossible to change the location and distance to work, which is why people are prepared to pay more for these features.