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Full houses spark desire for space



Wooden house and the inscription Lockdown. Coronavirus pandemic infection COVID-19. Isolation of people. Obstruction of the spread of the virus. Self-isolation. Confinement, quarantine

Recent Coronavirus lockdowns are driving people to look to for their own place to buy.

Having to share coronavirus lockdowns with a housemate is making many renters across the nation look to buy a home of their own, a new report shows.

Westpac research shows the number of first homebuyers looking to enter the market across the country has more than doubled, from seven per cent to 16 per cent since the start of the pandemic. Of the almost 2100 Australians surveyed, 70 per cent of those who were sharing a house with housemates, parents or in-laws during coronavirus restrictions were now determined to buy their own home.

Coronavirus restrictions had made 60 per cent of younger people – 18 to 24 – reconsider the type of area they wanted…

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