Investors eyeing regional markets

By Gerv Tacadena | 17 Sep 2020

Investors have remained upbeat during the COVID-19 outbreak, but they seem to be reconsidering their future investment plans, according to a study by the Property Investment Professionals of Australia (PIPA).

The study showed that around three in five investors still think it is a good time to invest in residential property, with roughly 77% saying they are not concerned about any potential price declines. In fact, close to half of all investors have plans to purchase a property in the next six to 12 months.

"While there is no doubt that 2020 has been one of the toughest in living memory for everyone around the globe, property investors have remained resilient in the face of the unprecedented uncertainty that we are all experiencing," said Peter Koulizos, chairperson of PIPA.

The survey also showed that investors are starting to consider other strategies in investing, with 40% saying they intend to buy a property in a different state or territory. A third of investors say Queensland offers the best investment prospects over the next year.

Koulizos said lifestyle factors, affordability, and the work-from-home trend are the top considerations investors take as they make their future investment plans. 

"It's no surprise that COVID-19 made many people reconsider their lifestyles, with nearly one-fifth of investors indicating they are contemplating a move," Koulizos said.

Investors are also thinking of moving their principal place of residence to regional markets in New South Wales, Queensland, and Victoria.

"The survey results also show that many of these areas will be welcoming plenty of new residents in the months ahead, which will likely further strengthen property markets in some regional locations,” Koulizos said.

Top Suburbs : leumeah , ferntree gully , midland , albion , stafford hts

SHARE

Get help with your investment property


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 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 an appointment is free.

 
How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here