Australian property investors have put their fears behind them and are very much active in the property market once again, a recent Colliers International survey revealed.
Last year, 70% of respondents had little or no interest in taking on more risk, whereas this year, just 2% felt they were unlikely to invest further in property.
72% of investors in the Pacific region plan to expand their property portfolios, compared with just 56% the previous year.
The survey questioned chief institutional and private investors in a bid to view the forecast for the coming year, the result being a stronger risk appetite for Pacific region investors.
The Colliers’ survey also revealed that there is likely to be less opportunity for offshore investors wanting core property, with local investors showing a greater interest in acquiring secondary properties.
Colliers believes one of the reasons for the increased confidence in the sector may be the recent easing of monetary policy.
For those looking to invest outside of the Pacific, 39% will start their search in Asia.