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Houses more popular with new investors

Small houses are more popular with first-time investors than apartments in a recent survey.

Investors who are looking to purchase in the next two years want to buy small houses with one to three bedrooms.

Small apartments with one to two bedrooms were the second most popular choice, at 21 per cent, while large houses with four or more bedrooms came in third at 16 per cent.

While investment strategies are as diverse as the investors themselves, there are definite similarities when it comes to preferences around the property market.

Houses are king for first-time property investors, with a small house topping the list in all states as the preferred investment property type.