Stable Research

Header – social media

02 8556 8800

Client home page link

Stable Research Homepage
  • Home
  • Articles
  • Join Our Community – Stable Soapbox
  • About Us
    • About Stable Research
    • One Panel – Multiple Quality Solutions
  • Our Quality & Expertise
    • Commitment to Quality
    • Ethics and Industry
    • Privacy
    • IT Security Compliance
    • Management of your project
  • Community Soapbox Panel
    • About Our Panel
    • Working With Our Panel
    • Health Research – Conditions and Professions
    • Business Research – Professionals and SME
    • Finance Research – Banking and Insurance
    • Growing Our Panel
  • Research Services
    • Qual + Quant
    • Qualitative Recruitment
    • Focus Groups & Interviews
    • Surveys – Linking and Design
    • Omnibus
    • Market Snapshot Solutions
    • Community Insight Platform
    • Online Pre Task Tool
    • Usability & Customer Experience Testing
    • Customer Lists – Recruitment and Surveys
    • Clinics, CLT and CATI
    • Logistics – Incentives, Moderators, Venues and Reports
  • Clients Contact Us
  • What is Stable Soapbox?
  • Our Research Projects
  • Get Started Now
  • Earn Rewards
  • FAQs
  • News & Prizes
  • Contact Us

Debt laden first homebuyers not optimistic that Budget savings incentive will work

New research has revealed that first home buyers still believe in the great Australian dream of home ownership regardless of being saddled with HECS debt and a lack of optimism about the recent salary sacrifice proposal announced in the Government’s 2017 budget.

While there has been plenty of airtime about the about the issue of young people and housing affordability, the opinions are usually coming from politicians, commentators and economists, rather than the people at the centre of the current dilemma.

As politicians debate the Government’s budget proposal to allow first home buyers to salary sacrifice for a housing deposit using their super fund, Stable Research reached out to nearly 300 people between the ages of 18 and 35 to drill down on their current circumstances and what they think about proposed attempts to pull the policy levers that might help them get a foot in the door.

Some of the key findings from this timely research include:

  • The Government are going to have to do a major sell with their message to first home buyers, with most people indicating the proposal won’t help them save for a deposit. Significantly, 32% weren’t even aware of the proposal.
  • Regardless of the current situation, the majority of first home buyers surveyed haven’t been deterred from the home ownership dream, with 77% still planning to buy a home at some stage. In contrast, over a quarter don’t believe they will ever own a home.
  • Of those that have managed to get into the housing market, 31% currently own a home either outright or with a mortgage. 20% own more than one property, with the ownership of 2 properties appearing most popular within the home ownership group. Outside of real estate, shares were the most popular form investment.
  • Nearly 20% of those who own a property have made a purchase in the last 12 months, whereas the majority of those surveyed made the purchase between 2 and 6 years ago. Over 60% used their own and their partner’s savings to get into the market, with 30% of people receiving a gift from family and friends that boosted their savings for the deposit.
  • The majority of properties purchased were in the $250K to $750K price bracket, with current estimations also sitting within that price range.
  • The bad news for first time home buyers was the fact that nearly 50% of them were saddled with a HECS Debt, followed closely behind by credit card debt.
  • The majority of survey respondents were planning to reduce discretionary spending on clothes and to stop eating out or getting takeaway as much, at 78% and 71% respectively. Other savings measures that proved popular included moving to a cheaper rental area and buying a property to rent out immediately. In what could be considered good news for parents, only 32% said they would move in with family to save.

In relation to the Government’s superannuation saving proposal, some people agreed that it might help, but most comments that were provided to researchers included highlighting that prospective property owners didn’t want to “mess with their superannuation”, with some indicating that it should be kept for retirement. Others also believe that $30,000 in super savings wasn’t enough or would not make it easier for them to get together a deposit.

These findings were part of a survey conducted by Stable Research which closely followed the release of the 2017 Federal Budget.

Get Rewards

GET REWARDS

  
Click here
to find out more.

Prizes

WIN PRIZES

Click here to find out more.

News

  • We have some exciting news to share!
  • The research market is evolving!
  • Happy Father's Day 2021!
  • Now the Lockdown is over...
  • Merry Christmas from the team at Stable Research
  • Are you ready for the spooky season? Stable Soapbox panel is!
  • Expected Population Decline Forces Focus on Customer Loyalty and a Need for Insights
  • Using Online Research Methodologies to Gain Customer Insights Amidst the Pandemic
  • Stable Research Recertifies!
  • Adapting to the New Normal: Five Weeks Later
  • Adapting to the New Normal: Initial Opinions from Stable Research
  • 44th International Women’s Day
  • The what, why, where and how of shopping intentions this Christmas
  • Ethical trends impacting Australia’s Christmas gift purchases
  • Aussie Mums: How would your best friend describe you as a mum?
  • Mums & Dads Volunteering | Who comes out on top?
  • Map Their Journey: Stable Research delivers actionable insights on the Aged Care sector
  • Age no barrier for Mums (and Grand-Mums) volunteering at kids’ sport
  • Market research data privacy strengths highlighted following release of ACCC Preliminary Report
  • Market Research | Looking beneath the tip of the CX iceberg
  • Parents the (financial) driving force behind Australian 18 year olds and their cars
  • Stable Research announced as a national finalist in the 2018 AMI Awards for Marketing Excellence
  • The family that holidays together …
  • Moving in Together: What couples consider before making the leap
  • School days and life’s burning questions…..
  • Big Data & Market Research | Hype, hysteria and confidence for the road ahead
  • A new cyber compliance day dawns for Australian businesses
  • Stable Research Top 100 of Market Research
  • Mobile phones, canteens and volunteering: Parents' tricky questions answered
  • Christmas is coming | So, how do people choose brands and products?
  • Research engagement trends | Participants talking on their terms
  • Debt laden first homebuyers not optimistic that Budget savings incentive will work
  • Participant engagement | Why aren’t we getting it right?
  • Online Qual - Best Practice from an Expert
  • Market research industry needs to meet the cyber security challenge head on
  • Data security top priority for market researchers
  • Panel diversity needs to move with the times
  • Research automation: harnessing familiarity for greater engagement
  • Sponsors turning to technology solutions to measure return on investment
  • Changing mobile phone habits: Are market and social researchers missing out on new and emerging opportunities?
  • MDI’s Enhanced Mobile Research Community Platform to challenge the status quo
  • Stable Research Highlights
  • 2016 | A year of innovation, invention and insight
  • Choice, choice and more choice: Are marketing and brand managers missing the point with market research screeners?
  • NEW YEAR, NEW TIMES: WHAT’S IN STORE FOR 2015?
  • SHIRE BIZ TAX SURVEY
  • Stable Research: Commitment to excellence in business ethics formally acknowledged
  • Wishing you a Merry Christmas from the Stable Research Team
  • SMEA Survey – Outlook for SME Sector Strong but ‘Anchors’ are Holding Back Growth & Economy
  • Researching the Respondents
  • Pro-active market research industry initiatives key to trust and reputation
  • Stable Research business survey presented to NSW Minister for Small Business
  • Engagement is the key in a digital environment
  • Stable Research celebrates 10 years as an industry leader
  • Online market research: A focus on accuracy and engagement
  • Interview - Susan Bell re Online Research
  • Market research continues to drive political decision making
  • Enhanced Engagement White Paper From Stable
  • Stable Launches Stable Research Online
  • Participants, preferences & performance

Newsletter Subscription

Subscribe to our Stable Newsletter

    Name*

    Email*

    Company Name*

    Soapbox login box

    Earn Cash & Rewards for Your Opinions

    Its Free to Join

    Get Started Now

    Panel Login

    AMSRO logo

    Soapbox footer

    Contact Us  |  Terms & Conditions

    Stable Centre Box

    Copyright © 2018 Stable Research
    Privacy Policy | Terms & Conditions
    Phone: 1300 782 253 • (02) 8556 8800
    862 Elizabeth Street, Waterloo, 2017

    Soapbox Centre Box

    Copyright © 2018 Stable Research
    Phone: 1300 782 253 • (02) 8556 8800
    862 Elizabeth Street, Waterloo, 2017

    Business Awards Logo


    Soapbox – Privacy

    Privacy is Important to us.
    Click here to find out more.