Our dream home is just a lottery win away

A survey of 630 Victorians conducted in the lead up to next week’s HIA Home Ideas Show (starting on Wednesday) showed that 63 per cent believed they would need luck with the lottery to own their dream abode.

Twelve per cent said making a buck out of their existing home was the way to make their dream a reality and 10 per cent believed it was through relocating to a cheaper suburb. Marrying into money was the preferred option for 2 per cent of respondents.

“Whether it’s through a bit of luck or a calculated play of the property market, the dream of owning the home you’ve always wanted isn’t over for the majority of Victorians,” said show organiser, Bernadette Neumann.

“That is backed up with 65 per cent of those surveyed believing they will end up living in their dream home. That is a pretty positive outlook.’’

Ms Neumann said the environmental message was making an impact with 85 per cent of Victorians saying they will forgo size of the place they’ve always wanted to reduce their home’s impact on the environment.

“We want a big home but don’t want to harm the environment, “Ms Neumann said. “We’re still grappling between the notion of bigger being better versus today’s need to reduce our impact on the world around us.”

The survey showed that a dream home for Victorians was an environmentally-friendly one by the sea, with our own private cinema.

42 per cent of Victorians had their sights on a sea-change, 20 per cent preferred a country setting and 12 per cent yearned for the bright lights of city living.

While traditional favourites such as fireplaces, a big garden and a tennis court hardly ranked on the wish-list of most-wanted features in the dream home, it was recreational elements that got Victorians excited.

The home cinema was the most popular item for a dream home with 66 per cent of Victorians wanting to put their feet up and watch the big screen in their own place. The pool (15 per cent) and spa (10 per cent) were also favourites.

“We’re not interested in the extra work features like big gardens need,” Ms Neumann said. “The dream home is all about rest and recreation.”

The positive attitude among Victorians was also illustrated in the fact that almost three quarters of respondents were not envious of those who already had their dream home.

For further information about the HIA Home Ideas Show and to speak with Bernadette Neumann, show organiser, anytime between 21 – 30 March, please contact Roberto Pace from Red Agency on 0431 824 148

VICTORIAN’S DREAM HOME Of 630 respondents…

�� …63 per cent said winning the lottery was how they were likely to own their dream home
�� …89 per cent said their dream home was a house
�� …42 per cent said their dream home was by the beach
�� …66 per cent said their a home cinema would feature in their dream home
�� …63 per cent said the lounge would be the biggest room in their dream home
�� …85 per cent said they would forgo the size of their dream home to make it more sustainable
�� …65 per cent said were optimistic about one day owning their dream home
�� …70 per cent didn’t envy those who already live in their dream home

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.