A crackdown on lending to property investors hasn’t dampened their appetite.
Almost two thirds of property investors are looking to buy a residential property in the next six to 12 months, according to a survey of 1,000 investors.
Of the investors surveyed by Property Investment Professionals of Australia, 58% identified Brisbane as the capital city offering the best investment prospects, ahead of the 17% who chose Melbourne.
Just 11% named Sydney, 6% chose Perth and 5% selected Adelaide.
Tighter lending conditions are the key concern for investors, as regulators seek to slow the growth of investor lending.
Long term wealth benefits were cited by 40% of investors as the prime reason to buy property, followed by capital growth opportunities and low interest rates.