Home Loan Repayment

Australian investors are increasingly optimistic that an upswing in property values will occur again in 2010, according to a recent survey by an international real estate company.

In the inaugural Colliers International's Investor Sentiment Survey, some 64% said a recovery will be well underway in 2010. Using a clock as an analogy to the property cycle, Colliers asked investors where they thought the property market was at currently. Running clock-wise, the "trough" was at 6:00, "upswing" at 9:00, "peak" at 12:00, and "downswing" at 3:00.

Some 72% of investors said they believed Australia was somewhere between 4:00 and 6:00, with the majority selecting 5:00.

Another finding was that 42% of investors estimated that residential properties were down an average of 10% since 2007, and 29% put it closer to 20%. Only 2% felt residential values had increased since that point.

Some 63% of respondents said they were looking to buy a property in Australia within 12 months.

Colliers plans to conduct a follow-up survey next quarter to track how sentiment changes, and to assess how far its Property Clock needle has moved.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan