Survey: Property Investment Important To Australians
The latest Blackrock Investor Pulse Guide for 2013 has highlighted a number of interesting trends about Australians and their investment patterns when compared to other places around the world, with one of the key findings circulating around the nation’s high interest in property investment.
The survey covered 17,600 people across 12 different countries, and aimed to highlight the various attitudes towards finances and money across national borders. There were 1,000 Australians involved in the survey, with an age bracket of 25 to 75 years old.
There were a number of interesting trends appearing from the data, which could be telling of the nation’s overall attitude towards real estate investment and housing’s wider place in the Australian economy.
For example, Australians are more interested in paying off their home loans, with 28 per cent of respondents stating it was their main financial priority in life, compared to 23 per cent from the rest of the world.
Furthermore, 17 per cent of Australian respondents highlighted their desire to save up a deposit for a new home as their main financial concern, compared to 13 per cent from the rest of the world.
Investment property was hugely important to Australians as well, with 15 per cent of all those surveyed owning investment real estate of some description. This is above the global average of 12 per cent, although dwindles below both Hong Kong (20 per cent) and Taiwan (19 per cent).
The popularity of negative gearing shone through the survey as well, as the proportion of investment owners in the higher cohorts of income (who earned per annum over $150K individual or $160K household) was 35 per cent, compared to just 5 per cent in the lower income bracket.