Property investors have become more confident in the worth of regional markets with a new survey revealing more find it an appealing option.
The latest Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey found that 20 per cent of investors believed regional markets were the most appealing place to buy right now.
This increased from 15 per cent at the same time last year.
Most respondents to the survey believed now was a good time to invest, with the majority, 52 per cent, planning to buy in the next 6-12 months.
The survey revealed Brisbane was the hot favourite market for investment, with 44 per cent of those surveyed naming it the capital city with the best prospects this year.
About a quarter named Melbourne as their tip for investing, while only 8 per cent chose Sydney.
PIPA chairman Peter Koulizos said not only were investors considering Brisbane as a market to invest in, but a growing number of potential buyers wanted to migrate to Brisbane because it was better value and Queensland had an “enviable lifestyle and strengthening economy.”
The survey discovered more investors were keen on houses than units or apartments and about 72 per cent planned to invest in metropolitan markets and 8 per cent in coastal locations.
News – Mail (Bundaberg), 29 September 2018. page 16
Gladstone Observer, 29 September 2018, page 13