More than a quarter (26%) of Aussie homeowners are thinking about purchasing an investment property and over half of them want to do it in the next two years, according to a new survey.
The 2013 Homeowner Intentions Survey, conducted by Mortgage Choice, has revealed that the current low interest rate environment has injected a new sense of confidence among Aussie investors, who are now considering significant investment in property.
Mortgage Choice head of corporate affairs Belinda Williamson said it can only be positive news for the property market.
“With lenders’ interest rates on both home and investment property loans at their lowest point in recent years, it isn’t altogether surprising.”
The survey also found that the Aussie love affair with bricks and mortar isn’t abating. Of the 25% of respondents who already owned an investment property, 68% owned one property, 19% owned two, and 13% owned three or more.
Regarding their most sought after aspects in an investment property, two thirds of respondents said their focus was tenant demand in an area. Almost the same number – 65% – said they wanted an investment property in the right suburb and street.
