The majority of Australian property investors putting their money into Brisbane's market are based in Queensland, new data from PRDnationwide has suggested.
It found that 86 per cent of people investing in Brisbane property are from the capital city's state, with buyers from New South Wales accounting for the second-highest level of investment at seven per cent.
Only one per cent of investor sales went to foreign property investors, an interesting development given that Australia has traditionally enjoyed a strong relationship with foreign buyers from Asia and elsewhere.
"Sellers looking to attract investors should consider that the majority of investors prefer to purchase smartly within their own backyard," Aaron Maskrey, PRDnationwide research director, told Broker News.
Earlier in the year, the property analyst revealed that the housing market has begun to soften in the Gold Coast, indicating a potential opportunity for foreign investors looking for a holiday home as house prices tumble.
