Investors still active in property market but prices higher
PROPERTY investors continue to dominate the market, with the percentage of investors eclipsing 30%.
According to new research conducted by Mortgage Choice, 58% of investors said they see more benefit in investments such as property than they do in the share market.
Mortgage Choice spokesperson Jessica Darnbrough said it was unsurprising to see a spike in investor activity as people consider it a way to secure their wealth.
While investor activity as a whole is on the rise, it seems rising property prices are making it harder for investors to buy alone.
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According to the data, just one quarter of first time investors said they would purchase an investment property by themselves.
While only five years ago one in every three investors were planning to purchase alone.
Ms Darnbrough said rising property prices were largely to blame for the significant drop in the percentage of investors purchasing alone.
"Research from RP Data shows property values climbed, on average, 10% across the combined capital cities over the 12 months to July 2014," she said.
"Because of this, it has become harder for individuals to save a deposit and jump onto the property ladder alone."