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Investment up in Australian real estate

Investment in Australian real estate has risen dramatically during the second quarter of the year.

The latest data from DTZ has highlighted a significant increase in investment in the Australian property sector during the second quarter of 2012.

According to the organisation's Investment Market Update Australia for the three months ending June 30th, Australian property investment increased from AU$2.59 billion during the first quarter of the year to AU$5.363 billion.

The research showed the number of deals completed during the second three months was almost 25 per cent higher than during the first part of the year. Furthermore, many of these deals were on a much larger scale.

Earlier this month, CommSec economist Savanth Sebastian told Australian Property Investor that recovery within the Australian property sector could be "imminent", with the number of owner-occupier loans being taken out during July rising by 1.3 per cent on the same month last year.

"Even the anecdotal evidence across Commonwealth Bank seems to suggest there's a healthy pick up in the number of housing recoveries," he commented.

Posted by Craig Francis

- property, investment, bank

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