Seven out of ten investors say the pandemic has had no impact on their intentions to buy real estate. A sentiment survey by Momentum Wealth reveals burgeoning confidence among property investors, with confidence highest in Brisbane and Perth.
Responses to the survey show the resilience of investor confidence, with almost 70% of respondents saying the pandemic had not impacted their plans to invest. A further 16% say the pandemic has increased their likelihood of investing.
Momentum Wealth general manager Jennifer Wakeman says Australians have a natural affinity for real estate, driven in part by its long-term performance. And buyers have benefited from stimulus measures aimed at reducing the economic impact of the virus.
“Job losses have largely been confined to a few industries and most of these jobs have since been recovered,” she says. “The strengthening economy has also led to many people being in a better financial position than was first predicted.”