According to this survey/article;
Property Investors are waiting on the sidelines for the First Home Buyers Grant to finish.
This must mean that they are targeting the lower, or affordable end of the market.
Good news as this should provide good support for market values .. as the First Home buyers depart, the Investors will Descend.
cheers,
RightValue
http://www.moneymanagement.com.au/article/Ready-to-race-for-property/490887.aspx
We recently ran a survey that found three out of four Australians planning to buy an investment property in the next two years were waiting until the First Home Owner Boost (FHOB) expired.
Seventy-six per cent of the 1,038 respondents to our 2009 Property Investors Survey said they were delaying their upcoming investment property purchase until the FHOB ends on December 31, 2009. ......
Property Investors are waiting on the sidelines for the First Home Buyers Grant to finish.
This must mean that they are targeting the lower, or affordable end of the market.
Good news as this should provide good support for market values .. as the First Home buyers depart, the Investors will Descend.
cheers,
RightValue
http://www.moneymanagement.com.au/article/Ready-to-race-for-property/490887.aspx
We recently ran a survey that found three out of four Australians planning to buy an investment property in the next two years were waiting until the First Home Owner Boost (FHOB) expired.
Seventy-six per cent of the 1,038 respondents to our 2009 Property Investors Survey said they were delaying their upcoming investment property purchase until the FHOB ends on December 31, 2009. ......