CoreLogic’s research analyst, Cameron Kusher, has released data showing that the average number of years that Australians hold onto their properties has ballooned to an all-time high:
The latest data to May 2019 shows that home owners are holding onto their property for much longer than they were 10 to 15 years ago. The average hold period has consistently increased since 2005 across both house and units nationally. The average hold period figure is based on sales from the past year, using the latest sold date and the previous sold date to establish how many years a property has been held for between each transaction. Nationally, the average length of home ownership currently sits at 11.3 years for houses and 9.6 years for units, this is an increase of 3.8 years for houses and 2.9 years for units over the past 10 years.
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