Delivered January 16, 2020. Contributor: Alexis Z.
Determine how millennials in Australia research and purchase home loans. Additionally, provide context on their purchase journey including what they are researching and what motivates them to start the search.
Methods of Obtaining
Millennials in Australia are more likely than other generations to obtain a mortgage through a mortgage broker.
Millennials in Australia say the biggest challenge to obtaining home ownership is saving the down payment, followed by getting approved for the loan and funding stamp duty costs.
86% of Australian Millennials desire to purchase a house.
Millennials in Australia want affordable homes or even apartments with short commutes to work.
Only the project owner can select the next research path.