Boomers favour investment property

A survey commissioned by Mortgage Choice found that one third of “baby boomers” said they plan to buy an investment property over the next year. The survey of Australians aged between 40 and 55 found 36 per cent of respondents intended to purchase an investment property in the next 12 months, with 46 per cent of these planning to do so for the first time. Almost half said they would fund the purchase through equity, 21 per cent said they would use a line of credit.