Australians’ love affair with bricks and mortar shows no sign of abating, it seems.
A recent survey* of homeowners showed that 25 per cent already own an investment property, and of those, 68 per cent own one property, 19 per cent own two, and 13 per cent own three or more properties.
What do investors look for when buying new investment property? The survey showed that it is all about the area or ‘right suburb’, rather than the home; they look at tenant demand, amenities and entertainment, population growth and infrastructure going into the area.
*the 2013 Homeowner Intentions Survey, conducted by Mortgage Choice.