Investors to drive demand after December: survey

Investors will replace first home buyers as the major demand driver from next year according to a Mortgage Choice survey.

The group said 75 per cent of Victorian respondents were delaying buying a property until after the First Home Owners Boost ends in December.

A similar questionnaire conducted months ago showed 23pc of prospective purchasers were waiting for the boost to end.

The survey also highlighted that 37pc of respondents rated their level of confidence in the housing market as high to very high.

However a majority (55 per cent) voted confidence as moderate.

Queenslanders are the most hopeful, according to Mortgage Choice, with 40pc of respondents describing confidence in their housing market is “very high”.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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