Listed property remains one area where domestic Australian property investors are reticent to put their funds into, despite the sector growing considerably over recent years, it has been revealed.
The Age reports that over the last 12 months there has been a 20 per cent increase in average values in this area of the property market, but the majority of buyers are still not keen to invest.
According to finance specialist John Collett, many individuals remain wary as a result of the collapse of the market at the onset of the global finance crisis in 2008.
Research provider Morningstar recently revealed large capital gains over the last year may be short-lived, but the long-term potential of the sector for investment returns could remain for some time to come, meaning buyers could be well advised to put their money into Australia's listed properties.
Earlier this month, data compiled by Rismark International revealed a sustained value recovery could now be underway in the nation's eight state capitals, with a 1.4 per cent increase in average capital city property values during September.
Posted by Steve Douglas
