It’s often said that Australians are property obsessed, particularly the outlook for prices.
However, when it comes to global standards, we’re not in the same league of fanaticism as those living in the United Arab Emirates (UAE) and the United States.
According to an online survey conducted by Toluna on behalf of HSBC, the average Australian “only” spends on 2.5 hours per week focused on the property market, less than half the 6.6 hour average of those living in the Emirates and near-half the 4.95 hour average indicated by those in the United States.
So while we are, on average, fairly keen to keep an eye on what’s happening in the housing market, we actually only rank seventh of the 10 nations surveyed in terms of our property obsession, and below the 3.5 hour per week average seen across these nations.
Yes, we’re actually below average. Shocking, right?
That may reflect the impact of Australia’s housing market downturn in recent years, or simply that we’re not as property obsessed as many of us think we are.
The HSBC survey was conducted online between November 11 to December 5 last year, capturing the views of 11,932 people aged 21 years or older.
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