More Australians would purchase investment properties if they knew which areas to invest in, new research has revealed.
According to a survey conducted by WhereGroup.com.au, more than 65 per cent of investors said not knowing where to buy is stopping them from investing in property.
Interesting, of the 300 respondents, just 12 per cent said interest rates played a factor in their purchasing decisions.
Wheregroup’s Todd Hunter told Smart Property Investment that Australian property investors were confused by all the information floating around.
“The internet is a great tool for investors. It can help them do a lot of their own preliminary research. Of course, if you don’t know what to research, the whole process can be quite overwhelming,” he said.
“There are a lot of investors out there with the money to make a purchase, but they are scared of making the wrong decision. They don’t know where to invest and as such, almost all of the respondents we spoke to said they would use a buyer’s agent to help them find the right property.”
Mr Hunter said investors looking to jump on the property ladder in the near future would do well to purchase houses in affordable suburbs.