While I'm a little past working out which clubs the under 30's are frequenting, I am quite interested in where they are looking at purchasing their homes.
This is a simple example of the insights available when data is captured and sliced and diced in the right way. Analysing the postcodes of mortgage applications shows where someone has got the price point and product right for first home buyers. The challenge comes with the crystal ball forecasting of those trends to read where the next hotspot will be and capitalise on opportunities before others do.
It's no surprise that Queensland has performed so well on the list with the price differential between it and the southern states at the highest its been in years.
A new study shows where Australians under 30 want to live, as well as the country’s most popular state or territory, by analysing mortgage applications. According to research by credit scoring and information service Credit Simple, Queensland is the most popular state for mortgage applications by people under 30. Breaking down each state and territory across January to June 2017, Queensland had 17 per cent of its mortgage applicants under 30 years old, higher than the national average at 15 per cent. This was followed by Western Australia at 16 per cent, South Australia at 15 per cent, Victoria at 14 per cent, NSW and Tasmania at 13 per cent, the Australian Capital Territory at 12 per cent and the Northern Territory at 11 per cent.