Residential property offers investors an alternative to share investments such that the cost contribution per week is minimal.
The latest census being undertaken in August 2001 will provide an update to the existing snapshot of residential investors in Australia. For investors interested in a snapshot taken by the Australian Bureau of Statistics in 1994, the make-up would look as follows:
| Typical Australian Property
Investor |
- Is married
- Owns rental property in partnership with their spouse
- Is 45 years of age
- Was born in Australia
| Australians Owning Residential Investment
Property |
- 6% of the adult population of Australian has a residential investment property
| Families using this
Housing |
Over 1,000,000 Australian families are accommodated in private residential rentals.
- Most Australian investors own one property only
- 78% of investors own one property
- 13% of investors own two properties
- 9% of investors own three properties or more
| What does a residential property investor look like? |
- 71% of investors live in the same geographic region as their
investment property (town or suburb)
- 44% of investors have a taxable income below $25,000
- 22% of investors have a taxable income between $25,000 and $38,000;
and
- 34% of investors have a taxable income above $38,000
- Most common reason for buying rental property is for financial
independence and security
|
