Are you planning to
buy an investment property in 2021?
Or maybe you’re
hoping to buy a new home?
Well, you’ll be in
good company because 55.2% of the respondents of a recent survey believe now is
a good time to invest in residential real estate.
significantly fewer than the 74% keen to invest last year, with 17.4.4% of this
year’s respondents saying they were going to pause their investment plans until
the economic situation became clearer.
And this is a
little surprising as only 12.4% said their household finances had worsened
because of the pandemic.
In other words,
most Australian households have noticed no real change or an improvement to
their family finances.
However, 24.7% of
respondents plan to buy a new home in 2022 (up a little from 24% last year and
20% the year before).
This is no surprise
Covid has made us realise that our homes are more than just a place to live,
but now they’re where we often work, work out, and spend most of our days.
buyers are taking a long-term view as the respondents of ourannual Property Investor
Sentiment Surveyhave realistic expectations of what’s likely to happen to property
values next year.
- 30.4% of the respondents
believing Australian property values would only increase by 5 to 10% in
- 23.6% forecast a smaller
increase in property values of 0-5% in 2022
- 16.4% believe values will
remain steady next year
- 14.1% believe property
values will increase more than 10% next year
- 4.5%% think property values
will decrease 0-5% next year
- 2.7% see a bigger fall
coming – thinking property values could decline 5-10%
- While 2.8% see declines of
over 10% in property values ahead
RealRenta has all the tools that a property manager
has, but less than ¼the cost of a property
Join now and the
cost is less than a cup of coffee a week to manage your rental property
has a free vision, so why not check it out
Tuesday, 2 November 2021