Property Investment Professionals of Australia has released its annual Investor Sentiment Survey with the feedback showing that even more investors believe property prices will keep rising.<\/p>\n
The national annual survey, which gathered insights online from nearly 800 property investors during August, found that more than 76 per cent of investors believe property prices in their state or territory will increase over the next year \u2013 up strongly from 41 per cent last year.<\/p>\n
Regional and coastal markets are the winners when it comes to investor sentiment with 25 per cent of investors looking to the regions up from 22 per cent last year, while interest in coastal locations has soared to 21 per cent from 12 per cent last year.<\/p>\n
PIPA Chairman Peter Koulizos said that few people believed the positive investor sentiment in last year\u2019s survey, even though history had showed the resilience of real estate time and time again.<\/p>\n
\u201cWhen we think back to last year, which was a time of much fear and uncertainty, it\u2019s clear that property investors and the market in general has weathered that turbulent period better than anyone dared to hope,\u201d Mr Koulizos said.<\/p>\n
\u201cThat said, last year\u2019s survey did forecast the strong property price growth that we have since experienced, it\u2019s just that not many people believed us at the time.\u201d<\/p>\n
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Good time to invest<\/strong><\/p>\n This year\u2019s survey found that nearly 62 per cent of investors believe that now is a good time to invest in residential property, which is down from 67 per cent in 2020, and may be due to the high property price growth this year as well as significant lockdowns taking place at the time of the survey.<\/p>\n Nearly 21 per cent of respondents (up from 17 per cent in 2020) say the pandemic has made them consider moving to another location with the main reasons being improved lifestyle factors (78 per cent \u2013 same as last year), working from home in the future (42 per cent down from 46 per cent in 2020), and housing affordability (36 per cent down from 40 per cent last year).<\/p>\n However, about 25 per cent of respondents said their motivations to move included not wanting to live in crowded cities anymore as well as wanting to live somewhere that had fewer coronavirus cases and lockdowns.<\/p>\n <\/p>\n Sunshine State property winner<\/strong><\/p>\n Mr Koulizos said that this year\u2019s survey produced the biggest ever margin when it came to the property investment location that investors believe offers the best potential over the next year.<\/p>\n \u201cQueensland has certainly emerged as the winner in a serious way,\u201d Mr Koulizos said.<\/p>\n \u201cA staggering 58 per cent believe that the Sunshine State offers the best property investment prospects over the next year \u2013 up from 36 per cent last year.<\/p>\n Mr Koulizos said a buying trend that began in last year\u2019s survey appeared to be gathering momentum, with investors looking more and more outside metropolitan markets.<\/p>\n According to the survey, while nearly 50 per cent of investors say metropolitan markets offer the best investment prospects, this was down from 61 per cent last year.<\/p>\n <\/p>\n