Investors interested in property in St. George are in good company, as a recent report highlighted the fact that many Australians view real estate as preferable to other types of investment.
The Homeloans Home Buyer Barometer, which surveyed 600 consumers, found that not only are Australians more comfortable putting their money into property, a high proportion plan on entering the market in the coming year.
Nearly one-third of respondents said they plan on buying an investment property during 2014. For 34 per cent of this number, it will be their first investment property.
"Residential real estate is generally a good medium to long term investment and is often seen as less volatile than shares," said Will Keall, executive head of marketing for Homeloans, in a December 4 media release.
"A good residential investment property can provide an income-producing asset with a long term rental income stream, plus it can represent solid wealth creation through capital growth and, down the track, collateral security for further investment."
However, as many investors find out, the key to success is purchasing real estate in the right area, which is why potential home buyers will want to focus on the St. George region. Sydney and its surrounding suburbs have been a hotspot for real estate investment during 2013, and the area continues to lead the nation in sales and price growth.