That’s the highest level since the pandemic property boom, reports Australian Property Update.
It may seem somewhat counter intuitive given the high cost of living, record high property prices and historically high interest rates.
Australian Property Investor (API) Magazine conducted the survey with a small group of just 323 respondents.
“…not since midway through 2022 have so many respondents indicated that they intend to buy property in the coming 12 months,” says API Magazine Editor Craig Francis.
And the sunshine state is firmly on the investor radar, offering cheaper prices as buyers shun expensive New South Wales properties.
“While it’s Queensland, a magnet for interstate migration, that continues to attract the most buyer attention, Victoria was the surprise second, placing ahead of New South Wales, when it came to purchasing property,” Mr Francis says.
The survey showed 31 per cent of investor purchases over the past year were made in Queensland, while 33 per cent of respondents said they’d sold a property in Queensland during the same time frame.
Despite national median property prices showing a slight decline, Queensland prices, including Brisbane, are tipped for further growth in 2025.
Looking to invest this year? Talk to us about landlording or view our current listings for sale.
