Investing In Houses Is Still The Top Contender
A national 2009 Property Investors Survey showed that nationally 66% of investors still preferred investing in houses rather than a unit/apartment (53%).
Over three quarters of Queenslanders who filled out the survey saw property investment as a better strategy for investing than putting their money into shares. Their motivation to invest in property was described as being:
1. 91% – want to set themselves up financially for the future
2. 80% – see more benefit in investing in property than in the share market – this was the highest percentage of any state
3. 80% – the benefits of the current property market
4. 78% – potential for housing price increases
5. 77% – low interest rates at the present time
6. 73% – having researched the property market, feel that property will help them achieve their financial goals sooner and better
7. 66% – tax benefits
8. 57% – reading and/or hearing of other’ success
9. 52% – want to get their foot in the property investing scene
10. 51% – high rental yields that are being enjoyed at present
The survey also showed that 22% will buy on their own, while 66% will purchase with a partner. The fact that 22% will buy on their own could indicate the emergence of Gen Y (born 1980 – 1994) who are tending to make relationship commitments at a later date and therefore plan their immediate future on their own, and also those that are purchasing in their own name due to being in a high tax bracket.
Filed Under: Property Investment • Property News
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