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ISCOVER
Staff Reporter
The investment market is bouncing back to life, with new data showing one in every four homeowners is considering buying an investment property.
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According to the latest research conducted by Mortgage Choice, 26 per cent of homeowners are considering buying an investment property, with 56 per cent indicating they intend to make the purchase within the next two years.
Speaking about Mortgage Choice’s 2013 Homeowner Intentions Survey, head of corporate affairs Belinda Williamson said the results were incredibly positive and largely unsurprising.
"With lenders' interest rates on both home and investment property loans at their lowest point in recent years, it isn't altogether surprising,” she said.
Of the 25 per cent of respondents who already own an investment property, 68 per cent own one property, 19 per cent own two, and 13 per cent own three or more properties.
Ms Williamson said there was a close race at the top when respondents were asked about their top five most sought after aspects of an investment property.
"Sixty-six per cent of respondents said that their focus was tenant demand in the area, and 65 per cent said they wanted an investment property in the right suburb and street," she said.
Rounding out the top five factors buyers look for in an investment property was the locality in relation to amenities and entertainment, population growth in the area and infrastructure going into the area.
