Optimism rises among investors
The latest Crockers Property Investment Index Survey shows that optimistic investors outnumber the pessimists by five to one.
Property investment is expected to show improved performance over the next year by 43% of respondents, compared to 8% who think things will deteriorate.
Better or unchanged returns were expected by 43% and 49% of respondents, respectively.
Those expecting worse returns tend to be at the lowest end of the investment spectrum, with less than $500,000 in residential rental property.
The proportion of those planning to increase their residential property investments remains at 22% and is skewed toward those with $750,000-plus invested, 31% of whom plan to increase their investments.
Respondents surveyed who plan to make no changes to their portfolio sit at 65% and those looking to reduce their portfolio are down from last month to 12%.
This research, undertaken by Ipsos on behalf of Crockers, surveyed members of the Crockers Market Research subscribers’ database during the second week of September.
Respondents included property owners, residential and commercial landlords, property managers, estate agents and tenants.
Somewhat unsurprising, 68% of respondents chose residential property as the safest investment over the past 12 months.
At second and third, respectively, were shares/stocks (46%) and term deposits (40%). Currency, commodities and gold were considered riskier.