More Than Property: Why Aussies Want Homes That Boost Happiness
Introduction:
Based on the latest survey by Great Southern Bank, The Great Australian Dream is changing. It is no longer just about owning property for financial security—Australians now want homes that make them happy and help them feel connected. The survey by Great Southern Bank shows that wellbeing and lifestyle are becoming just as important as property value.
Questions & Answers:
Q: How important is a home to Australians’ happiness?
A: Very important. 83% of Australians say their mental wellbeing is linked to their housing situation. In fact, 81% describe their home as the place where they feel happiest, and 78% say it’s where they can truly be themselves.
Q: Is owning a home still about financial security?
A: Yes, but it is more than that now. Rolf Stromsoe, Chief Customer Officer at Great Southern Bank, explained that owning a home is not just about bricks and walls—it is about freedom, stability, and belonging.
Q: What features make Australians happier at home?
A: Homes that encourage connection with family and friends are highly valued. Australians look for:
- Outdoor entertainment areas (42%)
- Well-designed kitchens (42%)
- Gardens or yards (35%)
Q: Does age affect what people want in a home?
A: Yes. Baby Boomers value outdoor spaces even more—57% say they want an entertainment area, and 48% say a garden would make them happiest.
Q: Do Australians see home as just a building?
A: No. 73% of people said their home isn’t just the structure—it is where their loved ones are.
Q: Is financial security still a priority?
A: Absolutely. 69% of Australians believe owning a home is critical for financial security, including 78% of Baby Boomers and 60% of Gen Z.
Q: Are younger generations changing the Australian Dream?
A: Yes. Gen Z is redefining success by prioritizing career achievements and personal passions over home ownership. Stromsoe said, “Owning a home remains an important goal, but younger generations are finding new ways to balance financial goals with the lifestyles they value.”
Conclusion:
The Australian Dream is evolving. While financial security still matters, Australians now want homes that bring happiness, connection, and a sense of belonging. Features like outdoor spaces and great kitchens are becoming just as important as property value. For younger generations, success is about more than owning a home—it is about living a life that feels fulfilling.
About Wakim Realty:
At Wakim Realty, we have always believed that a home is more than just a property—it is where happiness and connection thrive. Our team is committed to helping you find a home that not only meets your financial goals but also enhances your lifestyle. If you, are ready to start your journey, we are here to guide you every step of the way.