When asked which state capital represented the best investment prospects, more than half of all respondents reported Brisbane, with Melbourne and Sydney taking a distant second and third place.
Check out which capital cities investors say are hot right now:
- Brisbane – 58%
- Melbourne – 17%
- Sydney – 11%
- Perth – 6%
- Adelaide – 5%
- Hobart – 2%
- Canberra – 1%
- Darwin – 0.5%
The survey also showed 60% of investors planned to buy an investment property in the next 6-12 months, with a number of reasons driving their desire to invest in property.
Just over 40% cited long-term wealth benefits as their top reason for investing in property. Others believed property was an attractive investment choice now because of capital growth opportunities (19%), low interest rates (14%) and perceived safety compared to other investment options (10%).
The Property Investor Survey Report was conducted by Property Investment Professionals of Australia (PIPA). Read the full survey on the PIPA website.