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PPG_Blog_Oct_image 10_young men take investment opportunities

Males in the 25 to 34 age bracket are most likely to purchase an investment property in the next 12 months, according to a new study released by comparison website RateCity.

The Property Investment Sentiment Survey, released earlier this year, found that of those intending to purchase property in the next 12 months, 63% are men.

The proportion of men planning to invest has grown steadily since the end of 2011 when 58% of intended property buyers were male.

Females represented 42% of prospective buyers in 2011 against the present figure of 37%.

The survey showed that along with the shift in gender composition, property investors are also becoming younger, with the 25-34 age bracket overtaking the 35-44 range in the measure of those who said they are most likely to invest.  

“It’s easy to see why property investment is an attractive option for many young Australians because of their risk profile,” explained Alex Parsons, chief executive of RateCity.

“They have more time to invest in property as property investment is generally a long-term strategy.”

Of those intending to invest in property in the next year, 43% already have a mortgage, while 22% are currently renting and looking to enter the market for the first time, the survey found.

Information supplied courtesy of the Commonwealth Bank

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