The number of first-time property buyers purchasing an investment property instead of a home is increasing, according to two new sets of data. Both NAB's Residential Property survey and ING Direct's Financial Wellbeing Index show an increase in the number of young, first-time property buyers purchasing a property investment instead of a home. The NAB Residential Property survey for the third quarter found first-home investors made up 12.2 per cent of all new property sales in the third quarter of 2016, up from 11.1 per cent in the second quarter, according to the survey. The survey also found that first home investors represented 10.6 per cent of all established property sales, an increase f
Two thirds of Aussies (69%) who want to buy investment properties want to acquire one in a capital city.
