Who is buying all of the new downtown condos? A recent survey commissioned by the Downtown Austin Alliance and conducted by Charles Heimsath, president of Capitol Market Research, sheds new light on this very important question. The survey reveals five interesting facts about downtown Austin Condo buyers:1. Only 13% of buyers are buying for investment reasons. While most new buildings are capping the number of investors at 25 percent, the vast majority of buyers are owner-occupants.2. For the high price range, buyers tend to be young: 27 percent are younger than 30; 35 percent are ages 30 . . .
