Price the deciding factor for buyers and renters

A recent survey conducted by property portal has determined that when it comes to purchasing or renting a house, price is the most important criteria.

Online PR News – 02-July-2010 – – Two recent surveys of 2500 potential buyers and renters conducted by have determined the most important factors that consumers take into account when choosing a new home. General Manager Petra Sprekos stated that “when asked what the top 3 things they were looking for when selecting a new home, the most popular answer for both buyers and renters, was ‘price.’”

“We gave users a selection of options and asked them to choose the 3 most important. For buyers it was very close between price and location, with ‘Price’ the most important by just one vote over ‘Location’. ‘Size’ and ‘Potential for rising value’ were the next 2 most popular answers.” Ms Sprekos continued.

“Potential buyers are very concerned by the continuing boom in real estate prices. With the cost of housing continuing to increase and properties selling for well above their advertised asking price, it is getting harder for people looking to own their own home.

“For renters ‘Price’ was the clear winner with ‘Location’ trailing in second place. ‘Size’ was third and ‘Cleanliness’ was fourth.

“For renters, competition for rental properties is fierce and getting a foot in the door for desirable properties can be extremely difficult. To secure rental properties, people often offer more than the asking price, pushing prices up even further.

“The importance of ‘Price’ for buyers and renters means that they may be in for tough times in their property search” Concluded Ms Sprekos. is the 3rd largest property portal in Australia and is growing faster than all of the other major portals.* With over 100,000 properties online, covers real estate, commercial real estate, businesses for sale, rental properties and more.

* Based on Nielsen-netratings unique visitors growth statistics for March 2010.