Monday, August 9th, 2010 - RAMS
RAMS is encouraging Australian home buyers to get to know their neighbours following a recent RAMS First Home Buyers’ Pulse Check survey revealed 1 in 5 don’t know their neighbours at all.

The biannual survey of more than 600 respondents aged between 20 and 49 years provides an overview of attitudes and behaviours of the typical first home seeker and first home owner who has purchased their property in the last 12 months.

RAMS Acting Chief Executive, Tony MacRae said buying the home of our dreams is a major priority for many people and becoming a part of the local community can enhance that experience even further.

“It is surprising that 22% of people who have bought their home in the last 12 months admit to having no relationship at all with those who live around them,” Mr MacRae said.

“It’s well documented that there are extensive benefits associated with getting to know your neighbours including living in a safer environment, developing long-lasting friendships, as well as reduced crime levels,” Mr MacRae said.

Buying a house can be one of the biggest expenses of your life so it seems only fitting that once home owners move in to their new abode, they also make an effort to enjoy the surroundings of the new location and get on with the people that live nearby.”

“Likewise, when someone new moves into a home nearby, it’s important to make them feel welcome to the neighbourhood. A simple gesture such as a chat over the back fence or the balcony can go a long way,” Mr MacRae said.

The results showed as many as 70% of respondents had a ‘good’ or ‘great’ relationship with their neighbours and 8% described their relationship as ‘poor’.

“We are delighted to see that 7 out of 10 recent first home buyers have managed to establish a relationship with their neighbours despite other commitments, such as working long hours, renovating, or visiting family and friends.”

The research also indicates that more than 90% of first home seekers and recent first home owners spent up to two years looking for their first purchase.

“A strong sense of satisfaction and contentment at home is important on so many levels. By keeping in contact with your neighbours, it not only creates a harmonious environment - it adds to the pleasure of enjoying where you live,” Mr MacRae said.

About the report
More than 600 Australians aged between 20 and 49 who were either intending to buy a first home in the next 12 months (303 respondents) or had purchased their first home in the previous 12 months (300 respondents) participated in the survey. The survey was conducted in June 2010. Pulse Checks have also been carried out in February 2009 and August 2009 to monitor trends and perceptions amongst first home buyers. The study was conducted by independent market research and consumer insights firm, Nature Pty Ltd.

Contact Profile

RAMS


RAMS has developed a strong and stable reputation in the marketplace for its range of innovative and flexible home loan products which offer home loan solutions to suit the needs of every Australian.

RAMS prides itself on its innovation and was one of the first lenders to offer a transactional home loan, a home loan application process tailored for the self-employed and, most recently, loans that recognised the difficulties which first home buyers experience when trying to save a deposit whilst paying rent.

The company’s core aim is to provide real choice and value to meet the needs of all home loan customers.
Melanie Monico
P: (02) 8218 6359
M: 0437 896 093
W: www.rams.com.au/

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RAMS is encouraging Australian home buyers to get to know their neighbours following a recent RAMS First Home Buyers’ Pulse Check survey revealed 1 in 5 don’t know their neighbours at all.

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