More than 70% of the 1,000 respondents in the latest Property Investor Sentiment Survey believe that now is a good time to invest in property, despite talks of a housing bubble and impending property crash.
Commissioned by the Property Investment Professionals of Australia (PIPA), the annual survey further revealed that more than half are actually looking to buy property within the next 6-12 months.
According to PIPA chair Ben Kingsley, investors are focusing on the long-term benefits of property investment.
“Most property investors are looking past short term challenges, remaining focused on the long-term wealth benefits that are available from residential real estate, including the potential for capital growth and rental income,” said Kingsley.
Brisbane remains to be the preferred destination of 50% of the investors – far ahead of Melbourne’s 20%, Sydney’s 11%, Adelaide
’s 9%, and Perth
“The two key reasons that Brisbane still attracts investors, in spite of concerns around oversupply, are affordability and the potential for attractive yields,” said Kingsley.
“Brisbane is investing in infrastructure to make the city more liveable and investors are clued on to this.”
However, 87% of investors said that more education about the pros and cons of property investment is needed. 89% even believe that the property investment industry should be regulated and licensed just like other professions.
“PIPA is committed to raising the professional standards of this industry and will continue to lobby the government to regulate property investment advice and educate investors to help them make informed investment decisions,” said Kingsley.
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