No way! What 75pc of Aussies don't want in their home
It's the one thing that a vast majority of Aussies just won't do when it comes to their home and it's sure to upset the family.
A new study has revealed what is really taboo to Australian homeowners' today in our rough and tumble housing market.
According to LJ Hooker's third annual survey on homebuyer behaviour and attitudes – How Australian Families Are Rethinking the Family Home – only one in four Australians are open to living with their in-laws.
And of that lowly 25 per cent, more than half (50 per cent) have revealed that if they were to do so, ideally they would want a self-contained space for their in-laws such as a separate granny flat.
It is further evidence of the freshly evolving trend for Aussies in regard to their homes, the desire for personal space and for their property to be divided into different spaces for different purposes.
LJ Hooker Group Head of Research, Mathew Tiller, said that the study illustrated that 'while family dynamics have shifted in recent years, the desire for space and independence remain as important as ever'.
'Multi-generational living comes with plenty of benefits — not just financial — but it has to be a workable model,' Mr Tiller said.
'That's why granny flats and separate homes on the same block are so popular. They let people enjoy the upsides of living together — like connection and support — while still having their own space.
'Parents also see the value in kids having their own bedroom — even if it might be cheaper to have them share.'
That was borne out in another revealing finding from the study. That is:
+ shared bedrooms for children are a deal-breaker for many parents, with 60 per cent saying they would not consider a home where siblings would have to share a room. And:
+ Parental support extends well into adulthood, however, 42 per of parents expect their children to pay rent after turning 18. With most parents expecting their children to move out around age 28.
As a result of Aussies' home preferences multi-generational living remains uncommon in Australia and that is unlikely to change any time soon – despite astronomical property prices sparking the conversation.
However finances might mean, that many families won't simply have a choice.
'Housing dynamics have shifted in recent years, leading more families to live with their in-laws or adult children staying at home longer,' Mr Tiller said.
'Housing affordability challenges are undoubtedly influencing these decisions. Many families depend on dual incomes to manage their mortgage, and having in-laws live with them can be beneficial for all, including providing childcare.
'Interestingly, not everyone thinks adult children should pay rent to live in the family home. Some parents recognise how hard it can be to get a foothold on the property ladder and see this as a way of supporting their kids.'
What Aussies want in a home varies wildly due to age, according to the study:
+ Younger Australians value formal living and dining spaces more than older generations, with 69 per cent of Gen Z considering them relevant compared to 37 per cent per centof Baby Boomers.
And:
+ A quiet, peaceful atmosphere is the most important factor in choosing a community, with 52 per cent of families prioritising the importance of a school zone when buying a home.
'Younger buyers are often choosing smaller homes, so they see more value in having space to entertain,' Mr Tiller said.
'Older generations have often lived in homes with formal areas that weren't always fully used.
'Ultimately, most Australians just want a home that's peaceful, safe, and somewhere they can truly relax.
'We need to build more homes of all types to meet the diverse needs of our growing population. We need more people living near the services they rely on and the amenities they want to enjoy, increasing liveability and reducing transport strain.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
5 hours ago
- News.com.au
US share exodus: Aussies sell their US stocks on Trump fears
Australian retail investors are ditching the United States and moving their money to 'stable' economies on the back of US President Donald Trump's 'Liberation Day.' New retail data from investing platform eToro, who asked 10,000 retail investors across 14 countries, including 1,000 from Australia showed a sharp trend away from America. According to eToro's data the downturn in enthusiasm for US markets reflects broader economic uncertainty, with 37 per cent of Aussie investors citing the global economy as the biggest threat to their investments – the highest figure recorded since Q2 2022. Inflation follows as the second biggest concern at 17 per cent. Instead of investing abroad, local investors are increasing their exposure to Australian markets. eToro managing director Robert Francis told NewsWire a combination of US policies and high valuations have retail investors sceptical of investing in the world's largest market going forward. 'People are beginning to realise the US exceptionalism isn't what it was a year or two ago with the inauguration of Trump has meant a lot of uncertainty,' he said. Rayeiris Maduro Rondon, an investor based in Sydney after relocating from Venezuela told NewsWire it is her opinion that the days of the US exceptionalism has 'paused' as she shifts to Europe and China. 'I view this more as a period of recalibration rather than decline,' she said. 'Historically, when markets trade at elevated valuations for extended periods, investors begin to see high multiples as 'the normality' and price in unrealistic growth expectations. 'That's where the U.S. stands today.' While she still holds some US investments on a 'reasonable valuation,' she said there are better opportunities abroad. 'In Europe and Asia, I'm finding businesses with higher returns on capital and strong cash flows trading at deeply discounted valuations, making them far more attractive from a risk-adjusted perspective,' she said. Alert not alarmed Australian investors are split on what the current market volatility means for them. eToro's survey data showed 35 per cent of Aussies are more vigilant about their portfolio while a further 28 per cent are feeling anxious. On the flipside, 24 per cent are actually hopeful or excited about the large market swings. This optimism extends to investing strategies, with over a quarter of Aussie retail investors seeing a decline of 10 per cent or less as an opportunity to buy the dip. eToro's market analyst Josh Gilbert said investors are alert but not all of them are alarmed. 'Many see recent market dips as buying opportunities, which signals a level of confidence in long-term market resilience, he said. 'The risk of being out of the market altogether is something savvy investors are acutely aware of. 'The recent rebound in global equities since April has reinforced that view, even in uncertain times.' It has been a volatile ride for investors since Mr Trump took office for global markets initially rallying before hitting a bear market on April 2, with the announcement of Liberation Day. The wide-ranging tariffs were touted as Liberation Day for the US, with Mr Trump arguing it would level out the playing field. In a list of countries, Australia was 21st with a 10 per cent tariff on all goods imported into the US. The ASX slumped 11.4 per cent in the five days following 'Liberation Day', while the US S & P 500 fell around 12 per cent while the Dow Jones dropped 11 per cent. In both the Australia and the US shares quickly recovered after Mr Trump announced a temporary pause on his tariff policies. Mr Francis said this was a dramatic turnaround in investor confidence with the market initially rallying when Mr Trump returned to office. 'The whole market was buoyant with Trump's inauguration,' he said. 'I mean, we all thought investors, market commentators, all thought that we were going to see a continued bullish trend in the market. 'But given what we're seeing now around trade conflicts, tariffs that are being implemented, this is kind of, where is this going to go? 'All of this means that there's a level of uncertainty right now that doesn't bring confidence in investing in the US'. Some still move to safe assets Commodities have also been a favourite of Australian investors as they look to protect their positions. According to eToro's results, fears mount over a weaker US dollar and persistent inflation, Aussie retail investors are repositioning their portfolios, with nearly half of respondents having adjusted allocations or planning to. Mr Gilbert said 60 per cent of respondents said they expect gold prices to increase in the next 6–12 months, which reinforces its traditional role as an inflation hedge. 'Interestingly, we've seen Bitcoin's growing status among younger investors as a similar hedge. 'Out of local retail investors who are adjusting their portfolios based on a weaker USD, 27 per cent of Gen Z respondents said they will buy more crypto, the highest out of all generations. Indeed, 52 per cent of local Gen Z investors already hold crypto.'
Perth Now
5 hours ago
- Perth Now
‘Liberation Day' drives Aussie investor exodus
Australian retail investors are ditching the United States and moving their money to 'stable' economies on the back of US President Donald Trump's 'Liberation Day.' New retail data from investing platform eToro, who asked 10,000 retail investors across 14 countries, including 1,000 from Australia showed a sharp trend away from America. According to eToro's data the downturn in enthusiasm for US markets reflects broader economic uncertainty, with 37 per cent of Aussie investors citing the global economy as the biggest threat to their investments – the highest figure recorded since Q2 2022. Inflation follows as the second biggest concern at 17 per cent. Instead of investing abroad, local investors are increasing their exposure to Australian markets. eToro managing director Robert Francis says investors are moving away from the US. Supplied Credit: Supplied eToro managing director Robert Francis told NewsWire a combination of US policies and high valuations have retail investors sceptical of investing in the world's largest market going forward. 'People are beginning to realise the US exceptionalism isn't what it was a year or two ago with the inauguration of Trump has meant a lot of uncertainty,' he said. Rayeiris Maduro Rondon, an investor based in Sydney after relocating from Venezuela told NewsWire it is her opinion that the days of the US exceptionalism has 'paused' as she shifts to Europe and China. 'I view this more as a period of recalibration rather than decline,' she said. 'Historically, when markets trade at elevated valuations for extended periods, investors begin to see high multiples as 'the normality' and price in unrealistic growth expectations. 'That's where the U.S. stands today.' While she still holds some US investments on a 'reasonable valuation,' she said there are better opportunities abroad. 'In Europe and Asia, I'm finding businesses with higher returns on capital and strong cash flows trading at deeply discounted valuations, making them far more attractive from a risk-adjusted perspective,' she said. Rayeiris told NewsWire US exceptionalism has been paused Credit: Supplied Alert not alarmed Australian investors are split on what the current market volatility means for them. eToro's survey data showed 35 per cent of Aussies are more vigilant about their portfolio while a further 28 per cent are feeling anxious. On the flipside, 24 per cent are actually hopeful or excited about the large market swings. This optimism extends to investing strategies, with over a quarter of Aussie retail investors seeing a decline of 10 per cent or less as an opportunity to buy the dip. eToro's market analyst Josh Gilbert said investors are alert but not all of them are alarmed. 'Many see recent market dips as buying opportunities, which signals a level of confidence in long-term market resilience, he said. 'The risk of being out of the market altogether is something savvy investors are acutely aware of. 'The recent rebound in global equities since April has reinforced that view, even in uncertain times.' The ASX slipped after Liberation Day. Photo: Gaye Gerard / NewsWire Credit: News Corp Australia It has been a volatile ride for investors since Mr Trump took office for global markets initially rallying before hitting a bear market on April 2, with the announcement of Liberation Day. The wide-ranging tariffs were touted as Liberation Day for the US, with Mr Trump arguing it would level out the playing field. In a list of countries, Australia was 21st with a 10 per cent tariff on all goods imported into the US. The ASX slumped 11.4 per cent in the five days following 'Liberation Day', while the US S & P 500 fell around 12 per cent while the Dow Jones dropped 11 per cent. In both the Australia and the US shares quickly recovered after Mr Trump announced a temporary pause on his tariff policies. Mr Francis said this was a dramatic turnaround in investor confidence with the market initially rallying when Mr Trump returned to office. 'The whole market was buoyant with Trump's inauguration,' he said. 'I mean, we all thought investors, market commentators, all thought that we were going to see a continued bullish trend in the market. 'But given what we're seeing now around trade conflicts, tariffs that are being implemented, this is kind of, where is this going to go? 'All of this means that there's a level of uncertainty right now that doesn't bring confidence in investing in the US'. Some still move to safe assets Commodities have also been a favourite of Australian investors as they look to protect their positions. According to eToro's results, fears mount over a weaker US dollar and persistent inflation, Aussie retail investors are repositioning their portfolios, with nearly half of respondents having adjusted allocations or planning to. Mr Gilbert said 60 per cent of respondents said they expect gold prices to increase in the next 6–12 months, which reinforces its traditional role as an inflation hedge. 'Interestingly, we've seen Bitcoin's growing status among younger investors as a similar hedge. 'Out of local retail investors who are adjusting their portfolios based on a weaker USD, 27 per cent of Gen Z respondents said they will buy more crypto, the highest out of all generations. Indeed, 52 per cent of local Gen Z investors already hold crypto.'
News.com.au
9 hours ago
- News.com.au
How you could get $20,000 back in your tax
For most Aussies, tax time means either a nice tax refund that can boost your savings, or the sneaking suspicion you've left money on the table. According to new research from Officeworks, lots of Aussies are getting tax time wrong – and it's costing us serious money. From lost receipts to missed deductions, and even more in between, the result is the average taxpayer is donating hundreds or even thousands of dollars extra to the ATO just because they don't know better. Below I've included some of the most common tax mistakes and how much they could be costing you. And spoiler alert, if you're falling into these traps it could cost you more than $18,000 over the next decade. So whether you're a regular employee, working for yourself, or running a side hustle, here are the top tax mistakes to avoid – and how you can keep more of your hard earned money. Not claiming what you're entitled to One of the biggest mistakes made by Aussies at tax time is a simple one – not claiming all the deductions you're entitled to. According to H&R Block, people who lodge their own tax return miss out on deductions that cost them an average of $525.50 each year. And it's not even just the big things people miss. Officeworks research found that just 24 per cent of people claim deductions for office furniture, 20 per cent claim pens, and 46 per cent are deducting electronics and tech accessories. Given how many people are working from home, and buying things they use for their work, this shows there are a heap of people missing out on deductions. If you're spending money on deductible items for your work, you're entitled to claim them – but only if you're tracking them – and then actually include these expenses in your claim. Nearly 30 per cent of Aussies lose receipts and end up claiming less, according to Officeworks EOFY research. That could easily mean $500 in missed deductions (or even more), meaning $185 less in your tax refund based on a 37 per cent marginal tax rate. This mistake is an easy one to avoid, it just requires a little bit of organisation. The ATO accepts digital receipts, so you can make your life easier by filing digital receipts on your computer, using an app, or choosing a supplier like Officeworks that offers digital receipts or their own app for tracking. That way at the end of the year, you'll have everything organised and in one place, making your claim easier – and most importantly making sure nothing is missed. Not planning at EOFY Bad timing can be just as costly as bad habits when it comes to your tax return prep. The research from Officeworks shows that 44 per cent of Australians make work related purchases before 30 June to boost their tax deductions. When your deductible expenses land before 30 June rather than after 1 July, this means you'll get the deduction, and the refund a full year sooner. But if you miss the window, you could miss out on the deduction. If you have another $500 in expenses deferred or forgotten, that's potentially another $185 missed this year. Not getting the right help with your return Lots of Aussies still lodge their own tax returns, and for some people that's completely fine. But the data shows a clear benefit to getting some good help with your tax prep. People that lodge their tax returns through a tax agent receive an average tax refund of $3550, compared to $2576 for self-lodgers. This reflects a difference of $974 every year, or almost a thousand dollars you could potentially be missing out on by doing your own tax return (even after fees). And to make getting some help here even easier, the cost of a tax agent is fully tax deductible. Total cost of these mistakes These tax mistakes may seem small, but they add up. Across the four areas outlined here, you're looking at a total of $1870 less back in your refund this year. Over the course of a decade, that's a total of $18,695 – or almost $20,000 being left on the table. The wrap The tax system is full of opportunities to get more out of the money you already have, and keep more of your hard earned income – but only if you understand the rules and how to use them to your advantage. Most people aren't trying to dodge tax on purpose. It could be that you're too busy, unsure, or maybe even a little overwhelmed. But by avoiding a few common mistakes, and being just a little bit more intentional, you could be saving tens of thousands of dollars, maybe even more over the years ahead. To get the most out of your tax refund this year, and use the money as a platform to start the new financial year in a stronger position, there are a few things you need to look out for. Keeping your receipts, tracking everything (even the small stuff), being strategic with your timing, and getting good help – it all makes a big difference. If you want some help with your money and investing, you can book a call with Pivot Wealth here.
