Investors ignore financial hurdles
2015-11-02Despite this, 63 per cent of respondents believe now is a good time to invest in property while 60 per cent are looking to purchase a property in the next six to 12 months.
In addition, only 20 per cent of respondents say concerns over a property bubble have put their investment plans on hold.
Ben Kingsley, chairperson at PIPA, says the outcome confirms investors are both sophisticated and buying for the long haul.
"Property investors are looking past the noise and remaining focused on the long-term investment rewards that well-selected property can deliver.
"Kingsley says beyond much-hyped Sydney real estate, there are affordable capital city markets full of opportunities.
"And with interest rates still low by historical standards, it's still a good time to invest in the housing market, if you're doing your due diligence and seeking advice from professionals.
"According to PIPA's survey, an overwhelming majority of investors (74 per cent) consider metropolitan markets the most appealing place to buy right now, with Brisbane identified by 58 per cent as being the capital that offers the best investment prospects.
Source: http://www.apimagazine.com.au/api-online/news/2015/10/investors-ignore-financial-hurdles
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