Australian property investment is the preferred place for entrepreneurs' money following the financial crisis, new figures show.
A survey for the Citibank Australian Wealth Report published by the Australian indicates that most people would prefer to put their money into Australian property rather than other investment alternatives.
Citibank's Andrew de Graaf told the newspaper: "The perception we got from the survey is people are just wanting to get that sense of security again.
"The volatility is still in the markets and even though there has been significant growth over the last six months or so, people are so concerned."
However, decreasing housing affordability remains a concern for those keen on an Australian property investment.
The Real Estate Institute of Australia claimed earlier this month that declines in housing affordability throughout the September quarter is not good news for those considering purchasing a home or paying off a mortgage.
A survey for the Citibank Australian Wealth Report published by the Australian indicates that most people would prefer to put their money into Australian property rather than other investment alternatives.
Citibank's Andrew de Graaf told the newspaper: "The perception we got from the survey is people are just wanting to get that sense of security again.
"The volatility is still in the markets and even though there has been significant growth over the last six months or so, people are so concerned."
However, decreasing housing affordability remains a concern for those keen on an Australian property investment.
The Real Estate Institute of Australia claimed earlier this month that declines in housing affordability throughout the September quarter is not good news for those considering purchasing a home or paying off a mortgage.
