CoreLogic's Profile of the Australian Residential Property Investor Report released today
Housing is the single biggest asset class in Australia, worth an estimated $6.5 trillion across 9.6 million dwellings. The housing asset class is worth more than three times the value of Australian superannuation funds ($2.0 trillion) and more than four times the value of Australian listed stocks ($1.5 trillion).
With the Australian Federal Election imminent, property investment has become a hot discussion topic and continues to attract nationwide debate around taxation policy and housing affordability.
Today, CoreLogic released its national Profile of the Australian Residential Property Investor Report: www.corelogic.com.au/investorprofile, which comprises extensive analysis around residential property investment across Australia, and seeks to quantify investment-related activity.
CoreLogic Asia Pacific research director Tim Lawless said, “Given investors own almost one third of Australia’s housing and comprise almost half of the demand for new mortgage commitments, for politicians, investors and the public at large, having an understanding of the typical profile of the Australian property investor is important, particularly with regard to where investors are most active and what contribution they are making to the overall national economy.”
In compiling this comprehensive analysis, Mr Lawless said, “This Report is not intended to support, or implicitly criticise any political party’s taxation policy or policy platforms, but rather provide unbiased, independent statistics and analysis to inform the current housing debate.”
As highlighted in the CoreLogic Profile of the Australian Residential Investor Report, at a national level investment is generally skewed towards the lower valuation brackets; 53.4% of investment-owned dwellings have a current estimated market value of less than $500,000, compared with 46.9% of owner occupied dwellings. Additionally, each capital city shows the large majority of investor -owned dwellings have an estimated market value that is lower than the capital city median value.
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