Now is the perfect time for brokers to renew contact with old investor clients, according to new research.
A survey of 627 investors found that 79.6 per cent of respondents believe now is a good time to invest in property.
It also found that 67.9 per cent were looking to invest in the next 6 to 12 months, with 51 per cent of those interested in houses and 20.5 per cent looking for units.
The survey was conducted by The Adviser’s sister title, Smart Property Investment, in conjunction with Property Investment Professionals of Australia.
According to the survey, 46.2 per cent of respondents purchased an investment property in the past 12 months. Of those, 60.1 per cent already had an investment property.
Investors are fans of the third-party channel: 70 per cent have used a broker at some point and 65.5 per cent plan to use a broker to secure their next investment loan.
Most respondents believe the booming Sydney and Melbourne markets have lost their value.
The survey found that 56 per cent of respondents nominated Brisbane as the capital with the best investment prospects.
Sydney rated 13.4 per cent, followed by Melbourne on 11.1 per cent and Perth on 8.6 per cent.
24 November 2014