Property investors positive about the future
A survey of more than 550 property investors found 44.6% of respondents expect house prices to increase over the next six months, which is a huge increase compared with the previous survey.
"It appears property investors have changed their views from the last survey we conducted three months ago. There has been a substantial increase in the number of property investors who now expect house prices to rise. Only 11.8% of respondents in the previous survey thought prices would rise, compared with 44.6% from the latest survey, " says Mike Pero Mortgages chief executive Shaun Riley.
Riley says the change in sentiment has been mainly a shift from those who thought prices would fall, as opposed to those expecting no change.
According to the latest survey results, property investors felt there were a couple of constraints in the market, such as quality properties becoming harder to find.
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