More than one quarter of homeowners intend to buy an investment property
More than one quarter (26%) of Australian homeowners are considering buying an investment property, with 56% of these indicating they intend to make the purchase in the next two years.
These are some of the findings from the 2013 Homeowner Intentions Survey (the Survey) of over 1,000 Australian mortgage holders, conducted by Mortgage Choice.
The findings are a welcome sign that Australians are beginning to feel confident enough to take advantage of the current low interest rates, and are considering making a significant investment in property.
“With lenders’ interest rates on both home and investment property loans at their lowest point in recent years, it isn’t altogether surprising.”
By far the most preferred investment strategy (59%) for respondents was to buy an average property in an up and coming area and to hold onto the property.
“If you need help refining your investment strategy, a professional adviser is a great place to start. The same goes for home or investment property loans. Assessing the pros and cons of the different loan options can be a daunting task, so don’t hesitate to ask for help from a professional mortgage broker, such as our team at Mortgage Choice Springwood.”