Australians exposed as property obsessed

. If we’re not gazing at pictures of perfectly arranged living rooms online or checking up how much our house is worth, we’re watching renovation shows on the television. Even when we’re not in the market to buy a new home.

Property extremists have taken their obsession one step further, spending more than seven hours viewing property each week.They feel the time invested in researching properties pays off, with three quarters saying they feel "relaxed" about buying property and almost four in five feeling "in control".

Alice Del Vecchio, head of mortgages at HSBC Australia, said some home buyers are taking their passion for the perfect house to the maximum. PRDnationwide’s national research manager Dr Diaswati Mardiasmo believes people have become so consumed with real estate because it has traditionally been recognised as a wealth building strategy, which piques everyone’s interest."We’re also obsessed with renovations and creating a dream home that suits our lifestyle.”

"Looking at real estate is more than just research – it’s an investment opportunity, a hobby and entertainment combined,” he says. "People simply don’t want to fail. It’s easier to do nothing than it is to be decisive,” Fitzgerald says.

Newsflash. Giant Media conglomerate that makes $millions out of its for sale property publications & faux home reno tv programs says we spend far too much time obsessing over real estate and property. Peak stupidity has now been attained. Well done Australia. Vote accordingly.

Well ... 2 X 0 = 0 ... so I suppose you're right.

Says smh who basically is a real estate listing site with an unprofitable news site attached

. 'Looking' is all Australians can do any more.

not only us The Chinese r more obsessed with prop When they were allowed they were buying 1/2 of Melb Vancouver n Toronto They value it as safe investment Just look at estate agents here 60% r Chinese/Asians

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