Episode Details

Are you wondering what's ahead in property for 2021?

Maybe you'd like to know what other Australian property investors plan to do?

Well, that's exactly what we discuss in today's show as we unpack the results of this year's Property Investor Sentiment Survey.

You'll hear what 1,500 Australians feel about our current real estate markets and what they plan to do. And you'll also hear what COVID did to their property plans and how if at all it changed their strategy

And to discuss the results of this year's survey, I'm joined by Brett Warren.

Being Australia's longest-running and largest survey of Australian property investor sentiment, it showcases insights from property investors and would-be investors across the country.

Running since 2011, it offers rich and vibrant insights into how property consumer trends and sentiments have changed over time.

And as usual I'll share a mindset message with you – because if you can change your thinking it could change your life.

Highlights from the Sentiment Survey

Has the coronavirus induced recession affected you?

Are you considering moving to live in a different location because of COVID-19?

Has the pandemic changed your strategy or approach to property investing?

These are some of the Covid-19 related questions we recently asked 1,500 Australian property investors and would-be investors in our annual Property Investment Sentiment Survey, and some of the answers were enlightening.

Being Australia's longest-running and largest survey of Australian property investor sentiment, it showcases insights from property investors and would-be investors across the country.

Running since 2011, it offers rich and vibrant insights into how property consumer trends and sentiments have changed over time.

So if you're wondering what's ahead in property for 2021 you'll enjoy today's podcast because you'll hear what 1,500 Australians feel about our current real estate markets and what they plan to do.

And to discuss the results of this year's survey I'm joined by Brett Warren national Director of Metropole Property Strategists.

These are some of the highlights of the survey that Brett and I discuss today:

• Survey respondents already owned an average of about 2 properties each
• Survey respondents who don't already own property are planning to get into the market in 6 months to 2 years
• About half would consider rentvesting – renting for themselves while owning an investment property.
• Most respondents are not considering moving because of COVID-19
• Only 3% of respondents did not have an investment strategy
• 74% of respondents think that now is a good time to invest
• Only 6% said they're worried about the future of property investing
• Only 10% of respondents said they had applied for a mortgage repayment holiday for either their home or investment properties because of COVID-19.
• One-quarter of the respondents had received a request for a rental reduction or holiday because of COVID-19 from the tenants
• While 20% are pausing their investment plans until the situation became clearer, the majority of respondents are not going to change their plans and 14% are going to take advantage of the current climate to enter the market sooner.
• 50% of the respondents were planning to buy an investment property in the next 12 months
• 38% want to buy a property with value-add potential of renovation or development
• Close to half of respondents didn't see boom conditions. Most had a realistic view and saw good long-term conditions
• Ultimately, most respondents have a realistic and positive view of the year ahead.

Links and Resources:

Michael Yardney

Metropole Property Strategists