Australian and New Zealand property investors were surveyed by Colliers International who found that 66 percent of respondents say now is a good time to invest.

Although 84 percent of those surveyed believe market conditions have either stayed the same or deteriorated over the past six months, their outlook begins to improve over the coming year, significantly so over the next five years.

It’s good news for the property sector, including retirement villages.

The study found that Australian investors are some of the most-risk averse in the world. Despite having one of the strongest of global economies, 70 percent of respondents said that over the next six months they are “unlikely”, or “not at all likely” to take risks to achieve superior returns.

Colliers found that low risk assets are being targeted by local and foreign investors, with Sydney the preferred destination for 63 percent of investors.