Investors dominate new business

By Staff Reporter, www.theadviser.com.au,, 14 July 2010

Investors continue to form the backbone of new business activity in the property market, a recent report has found.

According to PRDnationwide’s Quarterly Economic & Property Report, investors now account for 36.8 per cent of all financial housing commitments in Australia – the largest amount since December 2003.

In addition, investor financial commitments have now eclipsed $8 billion.

The findings of the report are reflected in broker sentiment. According to The Adviser's quarterly sentiment survey, 34.7 per cent of brokers expect the investor market to be the most active over the coming period.

However, the bulk of brokers still expect refinancing to provide the greatest market opportunities, with 50.8 per cent of respondents indicating this market will be the most active over the coming quarter.