The latest Global Investment Survey from Collier's International has predicted a significant upturn in investment in the Australian property sector over the coming five years.
According to the findings, 84 per cent of respondents feel market conditions have deteriorated somewhat over the last six months, but more than half (56 per cent) claim the market is likely to rally by as much as 30 per cent over the next half-decade.
As a result, analysts at Collier's have stated now could be an excellent time to invest in Australian property, as the market is partially deflated but set to show a significant recovery in the mid to long-term.
That said, 70 per cent of respondents said they would be unlikely to take risks regarding new assets over the next six months.
The news follows comments earlier this week from Wilhelm Harnisch, chief executive officer of Master Builders Australia, who stated that at present, conditions in the Australian property sector remain "soft".
Posted by Steve Douglas