Property investors are planning to storm the market this year buoyed by lower interest rates according to a survey by Australia's most influential property investment magazine, Your Investment Property.
Three in five respondents said they believe now is the best time to buy an investment property, while three in seven plans to buy another property now. One in three plans to purchase their investment property next year while one in five remains unsure.
Almost all (98%) of the respondent consider property as a safe investment while one in three investors uses property as their main retirement plan.
A large proportion (42%) of the investors surveyed by Your Investment Property magazine already own between 2 and 5 properties in their portfolios.