In­vest­ment properties an un­known cash cow

Port Douglas & Mossman Gazette - - FRONT PAGE -

SE­RI­OUS money is wait­ing to be made in prop­erty in­vest­ment but most Aus­tralians don’t want to know about it. RP Data has re­vealed prop­erty val­ues and weekly rents are primed to grow in many re­gions, but stud­ies show peo­ple are re­luc­tant to in­vest in prop­erty over shares and sav­ings ac­counts. A Ray White Projects sur­vey found 11 per cent of 1500 adults owned an in­vest­ment prop- erty, while only 3 per cent owned two or more. ‘‘It’s hard to be­lieve 86 per cent of Aus­tralian adults do not have an in­vest­ment prop­erty,’’ Ray White Projects di­rec­tor Dan White said. ‘‘It con­tra­dicts the com­monly held per­cep­tion that bricks and mor­tar are one of the safest forms of fu­ture plan­ning.’’ The sur­vey showed 59 per cent of peo­ple wanted to see an in­crease in prop­erty prices or greater mar- ket sta­bil­ity be­fore in­vest­ing. ‘‘No one knows ex­actly how or when a prop­erty mar­ket will change di­rec­tion,’’ Mr White said. ‘‘When it does, peo­ple are surer about the in­vest­ment.’’

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.