Nearly half of investors plan on buying property interstate next year: survey

A survey of property investors by PIPA has uncovered that nearly half of investors plan to buy a property interstate in the next year.  

We’ve always said that your next property decision could be anywhere in Australia. Each time you purchase a property, you should aim to purchase the highest quality asset you possibly can and the location should be based on your goals and personal situation, rather than where you live or where a buyer’s agent is based. Or worse, where they are buying but not based! 

This may mean purchasing in different state, city or regional centre to where you live or currently own. Diversification has many benefits for a property investor such as being able to offset different market cycles, access different asset styles and reduce land tax.  

If a property in your city is out of reach. Being able to purchase a house close to the city in Adelaide may give you better capital growth prospects than a unit on the outskirts of Melbourne.  

Our good friend, Peter the ‘Property Professor’ Koulizos, Chairman of Property Investment Professionals of Australia and Co-host of The Property Planner, Buyer and Professor Podcast outlines the numbers and why investors are becoming more open to buying interstate. 

https://www.domain.com.au/news/nearly-half-of-investors-plan-on-buying-property-interstate-next-year-survey-918942/ 

By |2020-02-01T00:35:26+11:00January 30th, 2020|

About the Author:

David Johnston
David is the Founder and Managing Director of Property Planning Australia, author of ‘How to Succeed with Property to Create your Ideal Lifestyle’, co-author of ‘Property for Life – Using Property to Plan Your Financial Future’ and a widely-published media commentator. With more than 20 years of experience, David is passionate about educating others to make informed, and ultimately, more lucrative property investment decisions. David established Property Planning Australia in 2004 – with the vision to educate and empower Australians to make successful property, mortgage strategy and money management decisions.  Property Planning Australia’s operations have earned acclaim and national industry awards for its unique fusion of property planning, education, money management, mortgage strategy and risk management. All supported by multi award winning customer service.