Investors set to flood market: survey

According to a recent survey from PRDnationwide, almost 90% of investors will purchase property in the next two years. According to the survey, 70% of respondents would buy interstate and 66% are looking for long-term capital growth. The survey also found that the majority of the investors are seeking a property priced between $300,000 and $450,000, which achieves a rental return of between 4 to 5 per cent annually.

More than 36% of investors will look to purchase properties located in the middle surburban ring, while 33.7% want to buy in the inner city, 14.9% in the coastal areas, 7.9% the outer suburbs and 4.8% are looking at the CBD.

Approximately two-thirds of the investors surveyed were seeking a property for long term capital growth, while 22.5% were seeking a rental yield.

PRDnationwide national director Jim Midgley said the results were indicative of the rise in consumer confidence.

“Considering the poor sentiment towards property within the past eight months – these results are promising that investors think we have reached the bottom of the market,” he said.

If you are interested in buying property in Australia, we have a wide range of real estate in Brisbane, Sunshine Coast, Gold Coast, Sydney and Melbourne. Call us at +61 7 3624 1900 or email sales@intellichoice.com.au for more information on other properties we have available.