Post-Pandemic Hotspots Revealed

As reported earlier this week, 44 per cent of investors are looking to purchase in the next six to 12 months, according to the 2020 PIPA Annual Investor Sentiment Survey.

But where exactly are these investors looking to buy?

The survey of over 1,000 – collated in August 2020 – found that investors are increasingly likely to move to other locations than where they currently reside or have property at post-pandemic. PIPA chairman Peter Koulizos said interstate investing in particular had been growing in popularity over recent years as investors become more educated about the strategy. “Investors are recognising the value of working with property investment professionals to help them secure the best opportunities across the nation,” he said. Regional areas are on track to benefit the most, with lifestyle factors and an increasingly ability to work from home touted as the most common reasons.

“It’s no surprise that COVID19 and made many people reconsider their lifestyles, with nearly one-fifth of investors indicating they are contemplating a move,” Mr Koulizos said. “The survey found for those investors considering relocating, the main reasons for doing so were improved lifestyle factors (78 per cent), working from home in the future (46 per cent) and housing affordability (40 per cent). “And it seems that regional locations are set to benefit from plenty of new residents, with investors indicating their top locations to migrate to are regional NSW (21 per cent), regional Queensland (18 per cent), Brisbane (16 per cent) and regional Victoria (14 per cent).”

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By Emma Ryan - Smart Property Investment (September 2020)