realestatebusiness logo
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

47pc of buyers looking for investment: CBA

03 March 2014 Staff Reporter

Investors are growing more dominant in the property market with almost half of homebuyers purchasing or intending to purchase an investment property, according to research from a major bank.

A survey by the Commonwealth Bank of Australia (CBA) showed 47 per cent of buyers had recently purchased or were intending to purchase an investment property.

Of these, 65 per cent were homeowners purchasing an additional property.

Another 17 per cent planned to make their existing property into an investment, and 15 per cent were renting while purchasing a property for investment purposes.


Motivations for purchasing an investment varied, though most respondents appeared to have faith in property as a wealth creation tool.

A majority, around 54 per cent, reported "property is the best way to invest my money".

Another 30 per cent were motivated by low interest rates, while 27 per cent were planning for retirement.

Homebuyers and investors were also shown to have different priorities when purchasing.

According to CBA, investors believed the property's proximity to amenities was the most important consideration, as well as the value of home loan repayments.

Homebuyers, on the other hand, overwhelmingly looked for a property that was low maintenance.

CBA general manager for home loans Clive van Horen encouraged all buyers to ensure they are fully informed before buying.

"My tip for all prospective homebuyers is to do your research, compare property prices across suburbs and prioritise your requirements," he said.

"Seeking expert advice from your home loan provider is a good place to start."

47pc of buyers looking for investment: CBA
lawyersweekly logo
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Why we’ll keep delivering for our communities in the face of COVID-19


As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.