Nearly half of all Australian home owners are planning to purchase a property for investment purposes, according to a new survey.
The Commonwealth Bank poll of more than 1,000 property owners discovered 47 per cent have or want to invest in real estate, reports the Sydney Morning Herald.
Clive van Horen, Commonwealth Bank's general manager of home loans, explained the findings were not unexpected because property yields remain favourable in many parts of the country.
"Property prices have gone up faster than rentals have so the rental yields are a little bit low on average across most suburbs but there are still many areas where the rental yields have been growing."
The reasons behind investing in property included low interest rates, planning for retirement or an idea saving vehicle.
Residents in the New South Wales/Australian Capital Territory had the largest share of wannabe investors, followed by Victoria and Western Australia.
Your Investment Property recently suggested investors could make use of the Demand to Supply Ratio (DSR) Score to identify areas where prices could be set to increase.
Posted by Craig Francis.
