A new industry survey shows that although real estate investors have experienced the biggest price declines in the past two decades, they are clearly more optimistic about real estate than they were a year ago. The 2019 Australian Real Estate Investor Confidence Survey released on Thursday showed that as the Australian housing market recovers in the near future, as many as 82% of real estate investors believe it is a good time to invest in residential properties. This figure is higher than 77% in 2018.
The president of the Corrizo Group, Peter Koulizos, said that there is no sign of prosperity at present. One obvious sign is whether the Reserve Bank cut interest rates again. The interest rate cut is because the economy and the housing market are not performing well, otherwise they will consider raising interest rates. ”
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