Barnett Foundation Apartment Project - Feedback Survey

We want to hear your thoughts about what is important when it comes to buying a home

We at the Barnett Foundation are always trying to improve what we do and how we make the journey to home ownership easier for those currently living in social housing. We are eager to hear your feedback about our Apartments at Coburg as we strive to understand what may assist you to purchase your first home.

1.What interests you about owning your own home? Tick all the boxes that apply to you:

Want to move out of social housing

Want to live in a different part of Melbourne

Instead of paying rent, I could be paying a mortgage and actually own something

Build wealth (mortgage repayments may be cheaper than rent) and apartment’s value should grow over time.

Have somewhere stable to live

Other (please specify)

2.What is preventing you from purchasing your own property? Tick all the boxes that apply to you:

Uncertain about future interest rates

Unable to afford desired location

Want a house, not an apartment

Have a big family, so need a big dwelling

Don’t have enough savings

Income too low

Other (please specify)

3.Are you comfortable with purchasing an apartment that hasn't been built yet (that is: off-the-plan)?

No, I would like to see the building before committing to buy

Yes, I prefer off-the-plan since it saves money

I would prefer a pre-built apartment, but am willing to try off-the-plan

I don’t mind either way.

Other (please specify)

4.Have you visited a bank’s website to access their online home loan repayments or mortgage borrowing calculator?

Yes

5.If Yes: Please tick the option that best applies to you:

I am able to borrow the amount I wanted, and can afford the monthly repayments

I am able to borrow the amount I wanted, but I feel I cannot afford the monthly repayments they quoted

My income is not high enough to get approval for a loan

Other (please specify)

6.Have you visited a bank to talk about a potential home loan?

Yes

7.If Yes: Which bank did you visit and what was your experience?

8.What support do you require to help you with your first home purchase? Tick all boxes that apply to you.

Help with understanding the process

Help with my budgeting

Help with a home loan / finance

Other (please specify)

Current Progress,

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