Rising cost in fuel could influence property investments: expert
Property experts believe the gradual increase in the cost of fuel could have an impact on how and where people choose to buy their homes.
This comes as the prices of petrol and diesel are expected to go up again next month.
Richard Gray of the property group, Harcourts says such increases in the cost of living mean prospective home buyers have many more factors to weigh-up when thinking of purchasing their dream homes.
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"They have to take several things into account - one is can they afford the new home? Also, where are they buying in relation to where they work and where their kids go to school because if it's too far away and the petrol price is up, it definitely does influence this," he said.