A recent survey of more than 1000 property investors polled by Property Investment Professionals of Australia (PIPA) found 63 percent of investors believe it’s a good time to invest in property. Three in five property investors surveyed plan to buy a residential property in the next six to 12 months.
Despite media buzz about a property bubble, just one in five said they were concerned enough about this phenomena to delay investing in property.
Ben Kingsley, PIPA’s chairperson, said local investors were savvy enough to see past the media hype and focus on the long-term rewards that investing in well-selected property can deliver.
Sydney is a traditionally strong investment market, but just 11 percent of those surveyed said it currently offered the best investment prospects among the capitals. In contrast, Brisbane was the most popular capital city for investors, with 58 percent of respondents voting for the Queensland hotspot. Smart investors also know that there are significant terms to be made outside Australia’s capitals in suburban and regional areas.
“While Sydney’s housing market has become overheated, savvy investors know there are plenty of markets outside of Sydney where there are still opportunities to be found,” Mr Kingsley told Money Management magazine.
“And with interest rates still low by historical standards, it is still a good time to invest in the housing market, if you’re doing your due diligence and seeking advice from professionals.”
If you’re hoping to secure your first investment property or expand your portfolio, the financial experts at Chase Edwards would love to talk to you. Call us on 1300 854 833 to discover how we can help you achieve your investment goals.