Browse Forums General Discussion 1 May 05, 2015 8:19 am Re: Length of time owning a house or unit 2May 05, 2015 10:22 am We're probably a bit odd, in that we lived in the one place for 28 years until we built here. Dad and the family moved a few times and they were only for around 3 years at a time, but prior to that the family home we lived in for about 14 or 15 years. Owner Building at Jimboomba Woods in Logan City Qld. Blog : http://bandlnewhomebuild.blogspot.com H1 thread : viewtopic.php?f=38&t=68283 . Re: Length of time owning a house or unit 3May 06, 2015 12:43 pm Fascinating. I'm surprised it's trended this way tbh. I would expect the upgrade cycle would be shorter... Thanks for sharing Re: Length of time owning a house or unit 4May 06, 2015 12:51 pm We built our first home at age 23, and sold it just under two years later because we decided it (mainly the land) was too small. In the process of designing a larger plan on more land. This is in SE Queensland. My parents probably lived in their houses a max of 2-4 years before building or renovating again (apart from their first house, which we lived in until I was . Apparently we are well below Brisbane average 1st build: viewtopic.php?f=31&t=59376 *New*-2nd build: viewtopic.php?f=31&t=70324&p=1154282#p1154282 Re: Length of time owning a house or unit 5May 06, 2015 1:49 pm I think older people eg 50+ tend to hang on to their properties a lot longer. I'd love to see the results of that graph above divided into age groups. Most friends of mine around the late 50's to early 60's like us have owned their present homes for around the twenty year mark. Their kids or other aquaintances of ours in a similar age group ( 30-40 ) seem to move every five years or so. Stewie Re: Length of time owning a house or unit 6May 06, 2015 5:25 pm I think the graph is not specific enough. I agree with others about different ages. Our first home we lived in for 7 years. We knew we wanted to be out of their before the kids started school. It was an area we could afford but didn't want to raise a family there. Lucky we bought as prices doubled in that 7 years. Our next house we lived in for 20 years. Until the kids all left home. I think that's pretty typical. So averages can distort figures. Re: Length of time owning a house or unit 7May 06, 2015 10:35 pm I think this graph also factored in investors so may not be so true. Quite sure a lot of investors buy and sell a fair amount too. Re: Length of time owning a house or unit 8May 08, 2015 7:30 pm Quote: I think older people eg 50+ tend to hang on to their properties a lot longer. I must be in this category. I have never sold a property. Whenever I have moved for work or for a relationship or for lifestyle I have built or bought another property but not sold any. I still own my first house that I build 40 years ago. Re: Length of time owning a house or unit 9May 10, 2015 1:03 am Another reason may be the price of houses rise so much that it is not as easy to move. If timing for buying new house and selling current one doesn't go as plan, people will really get into trouble. To be on the safe side, just stay at current one and renovate. I do notice that more people are renovating or knock down and rebuild now, at least many of my friends are. Re: Length of time owning a house or unit 10May 10, 2015 9:39 am You may be right snowing. I've heard a few times that in our area it costs approx $50k to move. By the time you sell your existing house - solicitors and real estate fees then buy a new place and pay moving costs, solicitors fees again, stamp duty etc, I can see why a lot of people would opt to stay put and put that money into their existing house. Stewie I had an old shower unit that broke on me and when I took it off, there were only 2 water pipes, instead of the normal 2 water pipes and a shower head pipe. S o I… 0 36939 9 24795 1 13125 |