While investment market growing, percentage of individual investors shrinking
According to new research conducted by Mortgage Choice, investors currently account for just over 30 per cent of all new loans written – significantly higher than the 27 per cent recorded just 12 months ago.
Why an Investment Property?
It is unsurprising to see a spike in investor activity as, according to the company’s latest First Time Investor survey, this type of buyer not only sees property as a lucrative investment, but as a way to future proof their wealth.
In Mortgage Choice’s recent First Time Investor survey respondents were asked what their key motivators were for buying an investment property and almost 78.9 per cent of Queensland respondents said they would purchase an investment property to set themselves up financially for the future.
In addition, 56.9 per cent of first time investors in QLD said they see more benefit in investments such as property, than they do in the share market.
It is good to see Queenslanders taking the right attitude towards property investment. First time investors do not see property investment as a quick win, but as part of their long-term financial strategy.
If you would like learn more about your home loan or financial advice options, call Mortgage Choice Springwood today on (07) 3808 1070 or visit www.mortgagechoice.com.au/logan2