Rising Interest Rates and Renovation Trend
A recent survey of 1,000 Australian homeowners has shown that rising interest rates might be the main reason more homeowners are choosing to renovate their homes this spring instead of selling them. In this explanation, we’ll explore why more homeowners are opting for renovations, how they’re paying for them, and offer some tips if you’re thinking about renovating or selling your property this spring. Why Homeowners Choose to Renovate The survey conducted by Aussie Home Loans found several key reasons behind the renovation trend: Affordability: About 54% of property owners are renovating because they can’t afford to sell and buy... Read More