- Tasmanian residents want to pay off their mortgage more than other states do
- Buying a new car is a big priority for Tassie residents
- Tasmanians aim to retire comfortably is much higher than mainlanders
Residents in Tasmania (TAS) are looking to pay off their mortgage and create a comfortable retirement for themselves, according to the Yellow Brick Road Wealth Management Hopes and Dreams Survey.
Yellow Brick Road (ASX:YBR) analysed the hopes and dreams of over 6,500 Australians in a survey which sought to understand the financial aspirations of the nation. The data reveals some surprising differences between the states and territories.
Tasmanians are less interested in buying their first home or an investment property than the Australian average. However, they were much more focused on paying off their mortgage and retiring in comfort. A new set of wheels is also a much bigger desire for Tasmanians.
Mark Bouris, executive chairman of Yellow Brick Road, said these differences represent a rather diverse state and the findings showed how economic conditions and the housing market affect people’s aspirations.
“The property market hasn’t become as unaffordable in Tasmania as it is in other states. There is a big focus for respondents of the Hopes and Dreams Survey on achieving a comfortable lifestyle with items such as a new car and having a good standard of living in retirement,” Mr Bouris said.
Overall, the top dream for Tasmania’s residents is to travel and see the world, surpassing paying off the mortgage, buying a first home, buying a better car and retiring comfortably.
Mr Bouris said these top five dreams represent a state that values travel, property and a