Survey indicates strongest view on record of residential property price growth
Respected property funders and investors, Ashe Morgan Winthrop, have been surveying large and small property investors, lenders, and advisers for the last 11 years. Interesting quotes from the latest survey appear below:
- “The survey found the strongest view on record that Australia will see improvement in its residential market. 73% forecast that the residential market would see growth in the next six months
- “Residential property has continued its resurgence as the preferred class of property investment, now enjoying its highest level of support in the 11 years of this survey. 54.9% of respondents said they preferred to invest in residential in the next six months
- “In Queensland, the property industry’s bull run appears set to continue
- “The New South Wales and Victorian property markets have also turned the corner
- “NSW witnessed the strongest resurgence in investment intentions: over 64 per cent of the state’s property professionals reported they are likely to invest in property over the next six months
- “Most property professionals now agree the WA market has reached its peak
- “A lack of suitable stock continues to dominate the minds of property professionals
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