Most Australians are willing to pay more to live in safer suburbs, with security becoming an increasingly important factor in housing decisions.
According to new research from Budget Direct Home Insurance, 60 per cent of Australians would pay slightly more for a safer neighbourhood, while 20 per cent would pay significantly more, highlighting growing concerns about home security.
Security measures are becoming standard in Australian homes, with over half of respondents having deadlocks installed and security screens, while 40 per cent have implemented floodlights, sensors, and security cameras.
The research shows that 8 per cent of Australians experienced a break-in during the past year, with higher rates among young Australians (16 per cent) and Western Australian residents (10 per cent).
“Women were more likely to have property stolen during a break-in while men were more likely to have a confrontation with the thief,” the report said.
Package theft has emerged as a growing concern, with the number of stolen parcels doubling since Budget Direct’s 2022 survey.
Nearly two-thirds of break-in victims also reported having packages stolen.
The study revealed a disconnect between perception and reality regarding stolen items.
While over 40 per cent of Australians believed money and wallets were the primary targets, Australian Bureau of Statistics data shows that bicycles and keys are equally likely to be stolen.
“Suburb safety was particularly important for female participants and those who had previously experienced a break-in,” the report said.
“Just under half of previous break-in victims would pay significantly more to live in a safer suburb.”
“The results demonstrate that Australians are increasingly prioritizing security in their housing choices and are willing to invest in both preventative measures and safer locations.”
