Victorian property investors hesitant
Expectations of interest-rate rises have not turned investors away from the national property market, according to Ashe Morgan Winthrop's latest Property Investor Survey of investors, advisers and financiers. However, nearly 18 per cent of Victorian respondents said they were unlikely to invest in property in the next six months – almost double the level of the next most cautious State, South Australia.
AMW director Adam Slade-Jacobson says that property investors across Australia believe there is potential in the industry as investors on the margin are pushed out of the market by rising interest rates. In addition, the report showed that 49 per cent of the 600 survey respondents believe that the property market has peaked.