With Sydney’s boom over and many Australian property market cycles starting to slow, many investors want to know where they stand compared to their fellow property owners.
The recent Property Investor Sentiment Survey aims to reveal just that. Conducted in collaboration with Your Investment Property and Michael Yardney’s Property Update, the survey shows that on the average, Australian investors own 3.38 properties.
Around 28% of the 2,200-plus respondents said they had 5-10 properties, suggesting that a decent proportion of property investors are well on their way towards building sizeable portfolios.
These ownership insights, drawn from the Property Investment Survey – Australia’s longest-running and largest survey of Australian property investor sentiment – also reveal that 39% of investors own just one or two investment properties.
The total ownership results are as follows:
Interestingly, the current restrictions on loans are making it tricky for investors to broaden their portfolios, with 35% of respondents admitting that the challenge of obtaining a loan is a major deterrent to buying property.
Affordability is another factor, with almost 400 respondents indicating that they lack the deposit or equity to invest further.
The 2017 Property Investor Sentiment Survey showcases insights from over 2200 property investors and would-be investors across the country. Running since 2011, it offers rich and vibrant insights into how property consumer trends and sentiments have changed over time. The full survey can be read here.