Brisbane in particular is an emerging hotspot, with 36% of investors favouring our growth prospects, compared to 27% who’d invest in Melbourne and 18% who’d consider Sydney.
The insights come from the latest Property Investment Professionals of Australia Annual Sentiment Survey.
Just over 1000 investors participated in the survey which was released this month.
Overall, 67% of respondents believed now was a good time to invest. This is down from 89% in last year’s survey, as a result of the pandemic.
Investors are also toying with the idea of tree change and sea change trends, with 22% saying regional markets are the most appealing, up from 15% last year.
About 8% of investors surveyed said they applied for a repayment pause because of the pandemic, while 16% of investors had a tenant who applied for a rent reduction or holiday.
All up, the results lead PIPA to conclude: “While there is no doubt that 2020 has been one of the toughest in living memory for everyone around the globe, property investors have remained stoic in the face of the unprecedented uncertainty.”
Stoic is probably also a good word to describe the Aussie property market which continues a resilient performance.
Check out the cities were property investors plan to park their cash in the next year:
- Brisbane 36%
- Melbourne 27%
- Sydney 18%
- Adelaide 8%
- Perth 6%
- Canberra 2%
- Hobart 2%
- Darwin <1%