Wednesday, June 27th, 2012
As the lifestyles of Australians change, it appears the homes we live remain the same, reports the latest episode of Toop TV, with new statistics released by RP Data showing property owners are in no hurry to sell.

According to RP Data, Australia’s #1 provider of property information, since the mid 2000s, the average hold time Australians have on a property has increased to 9 years.

The full story will be presented in the latest episode of the online real estate segment Toop TV, live today at 1pm.

“This has been attributed to a decline in housing affordability and the high costs involved with selling a home and buying a new one,” says Tim Thredgold, Sales Partner at premier Adelaide real estate agency Toop & Toop, and Presenter of Toop TV.

“Melbourne and Sydney have not surprisingly recorded the longest hold periods in the nation with their expensive property prices and large populations,” he says.

In the past 12 years, the average hold period in Adelaide has increased by over three and a half years to 7.6 years.

But as this trend continues there are ramifications, where many families are likely to be living in homes which are no longer suited to their needs and instead of moving, more people are choosing to renovate.

“While this is great for the DIY industry, it’s putting more pressure on financial institutions, real estate agents and mortgage brokers,” Mr Thredgold suggests.

“And it appears hold periods will only continue to increase over the coming years as sales volumes remain below their peaks.”

Also on Episode 131 of Toop TV:

- Live in the studio, REISA CEO Greg Troughton

- All the auction action from 8 Laurence Street, Lower Mitcham

- Take a look inside some beautiful South Australian properties, including 13 Wilsden Street, Walkerville, 10 Esmond Street, Hyde Park and 28 Beadnall Terrace, Glengowrie

To view the complete episode live today, Wednesday 27 June, log onto at 1pm. All past episodes also available online.

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Toop Real Estate Group

South Australia’s largest independent residential real estate agency and the most highly awarded in the nation was founded by Anthony Toop and wife Sylvia in 1985. It has become a national icon in marketing and selling in the residential real estate industry. In 2011, Toop&Toop won the National Small Agency of the Year (REI) for the Stirling office, and Medium Agency of the Year (REISA) for Hyde Park. 2009 saw Toop&Toop named the National Winner of Innovation, as well as National Winner of Community Service. In 2007, Toop&Toop also won National #1 Real Estate Agency of the Year (REI), and in 2005 were the only real estate agency to be initiated into the Family Business Association Hall of Fame as an iconic business in South Australia. Toop&Toop has won virtually every major state and national business award since 1993 - and has received recognition both nationally and internationally for achievements in business excellence. In 2011, Anthony was awarded the Sir Robert Torrens Award - which nationally recognises an individual who has made a significant contribution to and raised the standing of the profession (REI). October 2011 saw Anthony inducted into the REISA Hall of Fame for Community Service, having previously won the category three times prior to induction. Toop&Toop are currently in their 27th year of business, still to this day family owned.
Tim Thredgold
P: 08 8362 8888
M: 0418 817 407


RP Data, Toop TV



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