Young men plan to dominate Australia’s property investment market

Young men are planning to dominate Australia’s property investment market in the next year, following a new study by Australia’s leading financial comparison website RateCity.com.au.

RateCity’s inaugural Property Investment Sentiment Survey found 63 percent of men intend to invest in property in the next 12 months compared to 37 percent of women.

The number of men planning to invest in property has grown since the end of 2011, while the opposite has occurred for women. In 2011, 58 percent of men were planning to invest in property and 42 percent of women.

Proportion of each gender planning to invest in property in the next 12 months in 2013 VS 2011

Gender

2013

2011

Difference (percentage points)

Men

63%

58%

+10%

Women

37%

42%

-13%

Source: RateCity.com.au, Nielsen CMV National Online Survey (S01 2013 and S10 2011)

[sam id=34 codes=’true’]Australians aged between 25 and 34 is the biggest age group intending to invest in property in the next 12 months, according to the RateCity survey. This has changed from the end of 2011 when the biggest age group planning to invest in property was 35-44.

Overall, there was a slight increase of Australians planning to invest in property, with about 3 percent planning to now. Out of these people, 56 percent agree that it’s a good time to invest more, which shows that investors are more positive about the property investment market.

Alex Parsons, CEO of RateCity, said property investment is a good fit for many young Australians.

“It’s easy to see why property investment is an attractive option for many young Australians because of their risk profile. They have more time to invest in property as property investment is generally a long-term strategy. It’s probably the first time for many young people to invest and property is a lower risk investment than other investment types.”

RateCity also found that out of those intending to invest in property in the next 12 months, more than one in five (22 percent) are currently renting, while the majority (43 percent) have a mortgage. One in three (33 percent) of which own their home outright.

“With interest rates at record lows and less competition in the property market, there is opportunity for investors to find a good investment in property.

“But property investors should do their research for the right investment loan before starting their property hunt because this can make a significant difference to how much you end up earning.

“For instance, three-year fixed investment loans start from 4.73 percent up to 6.55 percent. Variable investment loans range between 4.74 percent and 6.91 percent. The difference in cost for a $300,000 loan after just three years between the lowest and highest three-year fixed rates is over $12,000 (repaying principal and interest).

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If you’re serious about property investment please join me and a group of property and tax experts at my upcoming Property Market and Economic Updates  that I’ll be conducting in 4 states in August and September 2013

I will be presenting a heap of BRAND NEW content I haven’t discussed in public before. I guarantee there will be several things I reveal that you are not doing and you should be!

Click here now to get more details and reserve your seat.

Property & Econonomic Update

If you want to cut through all of the media hype, and all the contradictory predictions, and finally learn the truth (good and bad) about what is going to happen to the Australian property markets, this seminar is exactly for you…  Click here now to get more details and reserve your seat.

Michael Yardney

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Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been once agin been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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