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Investor interest going gangbusters

By Lachelle Ferguson

A  survey of Aussie property investors shows unwavering confidence in today’s market, with 80 per cent of respondents stating now is a good time to buy and 68 per cent intending to do so within the next 6-12 months.

Low interest rates, capital growth opportunities and stability were three top factors investors were choosing to purchase property, with one industry expert stating many are taking advantage of the low interest rate to build on a property portfolio.

Chair of the Property Investment Professionals of Australia Ben Kingsley said there has been concerns that some markets are overheated. However, the survey results show investors don’t share that view.

“Certainly there has been strong price growth in some markets, but this is not the case right across the board and these survey results reinforce the fact property remains a firm investment favourite,” Mr Kingsley said.

“Investors recognise the long-term capital growth prospects property brings and they are taking advantage of a low interest rate environment to build their property portfolios.

More than half of those surveyed (56 per cent) said Brisbane was the hottest area for investment, an increase of 8 per cent from the start of 2014. Sydney followed at 13 per cent, Melbourne at 11 per cent and Perth at 9 per cent.

Smart Property Investment managing editor Phillip Tarrant said the survey found a clear relationship between low interest rates and property investment activity.

“More than half of respondents felt their recent purchase decisions were accelerated by the low interest rate environment,” Mr Tarrant said.

“With interest rates unlikely to rise anytime soon, we may see strong property market activity continue for some time yet.”

Source:Residential Property Manager

For more information please contact Ray White Real Estate Narraweena / Narrabeen on 9984 7100

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