Tasmania is Australia’s least popular state to invest in property, according to the results of a poll by Your Investment Property magazine.
Your Investment Property ran an online survey asking respondents to answer where they were most likely to invest over the next six to 12 months. Less than 1% of respondents replied that they would invest in the Apple Isle, lower than the number of investors who said they would buy property overseas.
Aidan Devine, Your Investment Property deputy editor, said the results showed the state’s continuing struggles to attract investors, amid a weakening employment sector and negative population growth.
“Tasmanian property remains affordable, and within select markets there are some great opportunities for property investors, but because of the state’s economic troubles it would seem that a lot of investors have become hesitant about investing there,” he said.
Other results of the poll showed that New South Wales remains the most popular state for investing, with 27% of respondents noting that they planned to invest there in the next six to 12 months. This was marginally ahead of second favourite Queensland, where 24% of respondents said they wanted to invest.
Victoria and Western Australia each received a respective 10% of votes.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
st kilda west
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out