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One in five landlords intend to increase the number of investment properties in their portfolio over the next 12 months, according to new research.
A study from research consultancy group, BDRC Jones Donald has found that more land lords are looking to increase their portfolio in 2013, opting to buy multiple houses, rather than units in order to yield better returns.
"The… study has shown that more private property investors have purchased houses over units, which is proving to be the savvy choice when rental returns are considered,” BDRC Jones Donald managing director, Dr Roger Donbavand said.
Research by Australian Property Monitors (APM) for the September quarter showed that, nationally, the house median rental price experienced a 1.6 per cent increase, compared with just 0.7 per cent for units.
“Houses are a strategic choice in the current market, and our in-depth research demonstrates that investors who seek real estate advice will see better financial results overall,” Dr Donbavand said.
The Australian Private Property Investor Study has shown that the majority of property investors are typically married, professional couples with an average of 1.9 properties in their portfolio.
The national study surveyed 500 Australians who own one or more rental properties, to identify their outlook on the market, intention to buy or sell, overall profitability and use of financial and insurance products.
