, according to a recent survey.
A survey conducted by buyer’s agent wHeregroup atHome Buyer & PropertInvestors are overwhelmingly still purchasing property for long-term capital growthy Show found that almost three quarters of investors are still looking for long-term growth.
This result was surprising, said wHeregroup director and location researcher Todd Hunter, who was also a presenter at the show.
“It really stood out that 72 per cent of [surveyed] investors were investing for long-term growth,” Mr Hunter told Smart Property Investment.
“In the industry now there’s a feel that everyone is chasing cash flow neutral and cash flow positive properties, but the results of the survey give a different picture,” he said.
Another result that stood out from the survey was that over 90 per cent of the investors are now open to using a buyer’s agent, provided they see a value in them.
“We’ve done that survey a few times now and that number seems to be consistently increasing,” he said.
This increase was not limited to the Perth market and Mr Hunter saw similar results across the capitals during the other Home Buyer & Property Shows.
Eighty-three per cent favoured Western Australia, with Queensland coming in as second favourite, while 97 per cent believe the mining boom with continue for another three to eight years.
Less than five per cent said they would choose to invest in ACT, NT or Tasmania, and 83 per cent saw the Pilbarra as overvalued.
However, despite this, the findings saw that half of investors “simply do not know where to invest.”
Mr Hunter explained that this is often the case, with participants showing an overall indecision between established properties and house and land packages, even while 74 per cent preferred houses to units.
The survey took responses from 100 participating investors over the two days of the show.