Here we go again
Posted
@ Jul 1st 2007 2:08pm
- By GCPN Property Network
DEMAND for residential investment property is set to strengthen as seasoned investors who may have quit the market to take advantage of the superannuation contribution incentive are keen to return, a survey shows.
Wizard Home Loans says the number of Australians planning to buy residential investment property in the next 12 months jumped by 13 per cent to 878,000 in the March quarter, up from 779,000 in the December quarter.
The number of intending residential investment property buyers in Queensland rose by 32 per cent to 208,000 during the March quarter, up from 158,000 in the three months to December.
Wizard said this was almost double the level of 18 months ago after a series of increases
.