The Influence of Property Location, Environment, Financial Knowledge, and Income on Residential Property Investment Decisions Among Millennials in Sidoarjo Regency
Pengaruh Lokasi Properti, Lingkungan, Financial knowledge dan Pendapatan Terhadap Keputusan Investasi Properti Residensial di Kalangan Generasi Millenial di Kabupaten Sidoarjo
DOI:
https://doi.org/10.21070/ups.12086Keywords:
Location, Environment, Financial Knowledge, Income, Invesment Decisions, millenial generationAbstract
This study examines the effects of property location, environment, financial knowledge, and income on residential property investment decisions among millennials in Sidoarjo Regency, a fast-growing area near Surabaya. A quantitative explanatory research design was used, surveying 100 millennial respondents aged 27–44 selected through purposive sampling, with data analyzed using multiple linear regression, t-tests, and F-tests. Results show that only income has a significant positive effect on investment decisions (B=0.896; t=6.483; Sig=0.000), while location, environment, and financial knowledge are not significant individually. Together, all four variables significantly affect investment decisions (F=17.596; Sig=0.000; R²=0.428), explaining 42.8 percent of the variance. These findings indicate that income is the main driver of millennials' property investment decisions, while location, environment, and financial knowledge act as supporting factors that reinforce one another within the overall model.
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