news

Houses more popular with new investors

By Staff Reporter

Small houses are more popular with first-time investors than apartments, according to the Mortgage Choice 2013 First Time Property Investors Survey.

Forty-six per cent of respondents who are looking to purchase in the next two years wanted to buy small houses with one to three bedrooms.

Small apartments with one to two bedrooms were the second most popular choice at 21 per cent, while large houses with four or more bedrooms came in third at 16 per cent.   

Mortgage Choice spokesperson Belinda Williamson said while investment strategies are as diverse as the investors themselves, there are definite similarities when it comes to preferences around the property market.  

“Houses are king for first-time property investors, with a small house topping the list in all states as the preferred investment property type,” she said.

“South Australia was the clear leader, with 56 per cent of this state’s respondents looking to invest in a small house, while New South Wales was at the other end of the scale with 39 per cent of respondents planning to do so.”

Houses more popular with new investors
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%