Key points of interest from this month’s survey
- Net intentions of purchasing another property have shifted back to average after a sharp fall following the Reserve Bank’s November 23 tightening of monetary policy and prediction of recession.
- The return of tourists and foreign students may account for a rise in plans to purchase an existing apartment.
- Over 70% of existing investors favour fixing their mortgage rate for just one year.
- Banks are seen as becoming more willing to provide investor financing.
- Good tenants are increasingly easy to find. This may reflect strong developments in tourism and migration flows.
- Property investors are becoming more concerned about insurance costs.