Investors have remained bullish during the COVID-19 outbreak, but they appear to be reconsidering their future investment plans, according to a study by the Property Investment Professionals of Australia (PIPA).
The study showed that around three in five investors still think it's a good time to invest in residential real estate, with around 77% saying they are not concerned about a possible drop in prices. In fact, almost half of all investors plan to buy a property within the next six to 12 months.
"While there is no doubt that 2020 has been one of the most difficult in living memory for everyone in the world, real estate investors have remained resilient in the face of uncertainty without precedent that we are all going through, ”said Peter Koulizos, President of PIPA.
The survey also showed that investors are starting to consider other investment strategies, with 40% stating that they intend to buy property in a state or state. different territory. A third of investors say Queensland offers the best investment prospects for next year.
Koulizos said that factors related to lifestyle, affordability, and the tendency to work from home are the main considerations that investors take when developing their future plans. investment.
"It's no surprise that COVID-19 has prompted many people to reconsider their lifestyles, with almost a fifth of investors indicating they are considering moving," Koulizos said.
Investors are also considering moving their primary residence to the regional markets of New South Wales, Queensland and Victoria.
"The survey results also show that many of these areas will welcome many new residents in the coming months, which will likely further strengthen real estate markets in parts of the region," Koulizos said.
Top suburbs:
Collingwood
,
West Rockhampton
,
Westmead
,
spearwood
,
Canterbury
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