Are you wondering what's ahead for property in 2020 and you'd like to know what other Australian property investors plan to do?
That's exactly what we discuss in the latest episode of YIP Talk, as we unpack the results of this year's property investment sentiment survey.
“We asked: where do you expect the best capital growth to be over the next five years? When we asked this question 12 months ago, Brisbane was the winner, and everybody expected Brisbane to be the strongest performing market,” explains Michael Yardney from PropertyUpdate.
“But this time, around 39% of our respondents thought Melbourne was going to be the best for long-term capital growth. Brisbane was next at 37%, and Sydney at 33%, with only 19% talking about regional Australia.”
The results are drawn from around 1800 respondents and form Australia's biggest survey of property investor sentiment, run in collaboration between Your Investment Property, Australia’s only independent property investment magazine; PropertyUpdate, Australia’s #1 property blog; and onthehouse, a Corelogic company (CoreLogic is Australia’s leading property data provider).
Sarah Megginson, editor of Your Investment Property magazine, believes that the timing of the survey has definitely impacted the results.
“Even if we had done this survey six months ago, I think we would've got wildly different results because six months ago we were in the middle of a federal election and so much was up in the air. This year in particular has just been such a roller coaster,” she says.
“That said, we're building up quite a few years of doing this survey so we can compare the results from this year to previous years. That to me is one of the most interesting aspects of it to look at how sentiment is changing over time – and we actually find that some things don't change. In the last three years, the investing landscape and the property landscape has changed so much, but if you look across that period in our results, the number one strategy for all investors remains investing for long-term growth.”
The survey covers more than 20 questions pertinent to property investing, and takes a gauge on how investors feel about our current real estate markets and what they plan to do next year. For the full insights, listen to the podcast here.
Top Suburbs :
st kilda west
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