by Sanjeev Sah | Aug 13, 2024 | Market Updates

It is never too early or too late to become a property investor; in fact, 83% of new property investors in 2023 were aged between 27 and 68, according to recent data from CommBank. 

Millennials (born 1981 to 1996) are the most active generation, accounting for 46% of the bank’s new investment property purchases last year. Gen X (born 1965 to 1980) follows with 37%. 

Nationally, the average age of property investors in the 2023 calendar year was 43 and the average loan size was just over $500,000. 

The data also reveals a growing inclination towards ‘rentvesting’, a strategy in which investors purchase property in locations they can afford and then rent where they wish to live. 

CommBank executive general manager for homebuying Dr Michael Bauman, says ‘rentvesting’ gives Australians the chance to get their foot on the property ladder sooner rather than later. 

The top postcodes for new property investment purchases were: 

* 2000 (Sydney CBD, including Haymarket) 

* 3029 (West Melbourne, including Hoppers Crossing) 

* 2765 (North West Sydney, including Marsden Park) 

* 3064 (North Melbourne, including Craigieburn) 

* 2155 (North West Sydney, including Kellyville) 

No matter your age or where you wish to buy, we can help you achieve your property investment goals.