Tony Alexander Survey Report January 2022

Key points of interest from this month’s survey

• Investors are shortening the average term over which they take a fixed-rate mortgage.
• Banks have become less willing to advance extra funds.
• The preference of investors in new dwellings has shifted away from detached houses towards apartments and townhouses.
• Despite rising interest rates there is only a slight trend towards accelerating debt repayment or moving from interest-only to principal and interest payments.
• Tax legislation changes are becoming a more important driver of decisions to sell.
• Investors show little concern about the multi-year property price boom seemingly coming to an end.