Investors in Australia not as active, says Australian Property Investor Magazine survey
Respondents have been the most inactive since the start of these surveys, a clear sign that economic turbulence and market uncertainty have kept many on the sidelines, according to Australian Property Investor Magazine’s Q2 2023 Property Sentiment Survey.
The proportion of people saying they’d made no property moves in the past year soared from 13 percent to a remarkable 30 percent in just three months.
Those who invest did so with fervor. Of the 70 percent of respondents who transacted on property in the past 12 months, 63 percent of those did so on more than one property.
Intentions don’t always equate to action, but more people seem intent on transacting in property in the coming 12 months. Yet, the reticence seen in the past year is still evident, with almost three times as many respondents as the previous quarter saying they plan to sit on their hands when it comes to property.
The last survey saw just 3 percent of people saying they h