Prospective home buyers are turned off by mouldy walls and properties riddled with insects - but they are more likely to go to the hammer if the real estate is in a prime location.
New research for Finder s First Home Buyers Report 2021 has revealed the property pitfalls sellers should be aware of when they put their house on the market.
More than half of the 1,028 people surveyed indicated they would walk away from a house with mould and two in five people would be uninterested in a property if there were insects.
Those keen to enter the property market are also unimpressed by unpleasant smells (38 per cent) and noisy neighbours (38 per cent).
Noisy neighbours: 38 per cent
Lack of natural light: 35 per cent
Untidy rooms: 19 per cent
Pet smell: 18 per cent
Outdated interior: 12 per cent
Source: Finder survey of 1,028 first home buyers
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Instead half, or 51 per cent, of first-home buyers would shun a house if it had mould.
A sizeable proportion would also be discouraged from snapping up a home if there were lots of insects, with 41 per cent citing this as a reason to reject a property.
A similar proportion, 38 per cent, nominated unpleasant smells like the odour of cigarette smoke and noisy neighbours as turnoffs.
This was a bigger concern for the young than permanent design faults like lack of natural light, which was a worry for 35 per cent of people.
Fear of paying too much for a house is replacing that fear of missing out as property prices surge to ridiculous levels, new research shows.
In just six months, Sydney s median house prices has climbed by $129,400 as Australian home values soared at the fastest pace in 32 years.
But in one beachside suburb of the nearby Central Coast, house prices surged by $575,000 or 68 per cent in one year.
With property price records being set in more than two-thirds of Australia s housing sub markets, potential buyers are increasingly worried about being ripped off.
Fear of paying too much for a house is replacing that fear of missing out as property prices surge to ridiculous levels, new research shows. Pictured is a Sydney auction