Poll Reveals Real Estate Investment Is The People`s Favourite
Released on = May 15, 2006, 12:01 am
Press Release Author = Wealth Dynamics International Pty Ltd
Industry = Real Estate
Press Release Summary = A newly released internet survey of over 6,000 people reveals that 64% of respondents prefer real estate over any other type of investment.
Press Release Body = A new survey reveals over 64% of people prefer real estate as an investment vehicle compared to shares, term deposits, bank savings accounts and bonds. The study, carried out by independent wealth education provider, Wealth Dynamics International, surveyed 6,477 people, over two years.
Shares came in a distant second behind property investment with 16% of the votes, closely followed by term deposits and bank savings accounts with 14%.
"This poll demonstrates that despite changing property cycles and interest rate rises, people still feel comfortable investing in real estate. It's a reliable, long-term form of investment that they can see and touch," said Hans Jakobi, Managing Director of Wealth Dynamics International.
44% of respondents said they were willing to commit more than four hours per week to learn more about real estate investing and achieve their investment goals. 55% said they planned to buy an investment property within 12 months and 35% of those surveyed also said they would like to have 2-4 properties within the next 10 years.
"What is interesting about this survey is that 45% of respondents are average income earners. Our previous research shows that this demographic group is more likely to build wealth because they tend to be better money managers than higher income earners," Jakobi said. "People on higher incomes tend to be more concerned about appearances. They're often more focused on the cars they drive, the places they live, how they spend their holidays and where they send their children to school rather than allocating money for investments."
The major concerns people have about real estate investing include:
1. Managing the effect of interest rate changes 2. A lack of knowledge and understanding about real estate 3. The risk of losing money 4. The challenge of finding good tenants 5. Getting started
Five reasons why people prefer real estate:
1. It's what they know and understand 2. They like to be able to see and touch their investment 3. They perceive it as a safe, long-term investment 4. It is seen as a limited resource that everyone needs 5. They enjoy it
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