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Investment property still favoured investment
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6 July 2006 
 
Investment property is still a high priority amongst Australians with an Institute of Chartered Accountants in Australia survey showing almost half of Australian’s either own an investment property or are considering buying one in the next ten years.  
 
From more than 1100 respondents, the survey found:  

  • Australians that already own an investment property = 20%
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  • Australians likely to consider buying an investment property in next 10 years = 29%
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  • Australians unlikely to consider buying an investment property in next 10 years = 49%
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  • Those that were unsure / don’t know = 2%
 
The survey conducted in June found those that are male, married, have a household income of more than $70,000 and are over 50 years old are more likely to own an investment property.  
 
“The survey found that owning an investment property is still a popular investment amongst Australians.  
In many ways property is more tangible and understandable than other investments and with many Australians having experienced their own home increase in value, an investment property is still considered an attractive investment,” said Hugh Elvy, Manager for Financial Planning and Superannuation, Institute of Chartered Accountants in Australia.  
 
Keen investment property enthusiasts can be found in Queensland with 42 per cent of residents considering buying an investment property in the next 10 years and a staggering 52 per cent of Tasmanians are considering buying an investment property in this period.  
 
“With the cost of housing less expensive in Queensland and Tasmania, residents are impacted less by the recent interest rate rise. Whereas in New South Wales and Victoria where high mortgages reflect the higher property prices and in light of the down turn of the property market, only a third of residents in each state are likely to consider buying an investment property in the next 10 years,” Elvy continued.  
 
Australians in the 35 - 40 year age bracket are more likely to consider buying an investment property in the next 10 years, with those in the 25 - 34 year age bracket a close second at 45 and 39 per cent respectively. Australians that are 50 years and over are least likely to consider buying an investment property in the next 10 years, as you would expect given the fact they are heading towards retirement.  
 
Tax tips for Australian investment property owners to consider this tax time are also available at Media Game.