A survey has revealed that a significant number of current investors are gearing to capitalsie on current housing market opportunities and low interest rate environment.
Of the 800 survey respondents a a Loan Market Group survey, 82 per cent said they will invest in property within 12 months and 34 per cent were looking for a suitable investment property while interest rates are low.
The survey also found that 27 per cent will wait until the first home owner boost is phased out before they enter the market; 21 per cent are more cautious, wanting job security before taking the next leap.
"As the number of first home owners starts to wane with the boosted grant to be phased out during the second half of 2009, you'll find that there will be a lot more opportunities for investors to get into the market," Loan Market Group executive director John Kolenda said.
"I think investors are also realising the Australian economy has weathered the global financial crisis better than most and unemployment is not as bad as earlier forecast and certainly much lower than in previous downturns."
Kolenda said that 49-year interest rate lows have also been an enticement for good returns and cash flow.