Property News

Experts Tip Residential Market To Outperform All Others - AMW

16 April 2007

A record number of property professionals have shown overwhelming support for the residential real estate investment market in the latest Ashe Morgan Winthrop Property Investors Survey.

More than 66 per cent of those surveyed expect to see an improvement in the residential property market over the next six months – the strongest result for an improving residential sector in the biannual survey’s 11-year history.

More than 53 per cent of those surveyed recommended investing in residential property, with the market gaining its strongest support from the two states hardest hit by the end of the boom in 2003.

“The results highlight the return of confidence to the residential market,” said Ashe Morgan Winthrop Director John Winter.

“More property professionals now recommend investing in residential property over all other markets than at any time in the eleven year history of the survey.”

The most bullish residential property markets during the next six months are likely to be Victoria and Queensland where an equal total of 74.3 per cent of all respondents are expecting an improved outlook. NSW had the lowest result of the major states with only 55.1 per cent expecting an improvement.

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