A Mortgage Choice survey shows that three-quarters of property investors are waiting until the first home owner's grants expire at the end of the year to enter the market.

The mortgage broker surveyed more than 1000 people, with 75% claiming they will wait until 2010 to buy.

The survey found 37% of respondents rated their level of confidence in the property market as "high" to "very high", while 57% rated it "moderate". Only 6% rated it "low".

Queensland respondents are the most confident in their state's market, with 40% of respondents claiming "high" or "very high" confidence levels.

Mortgage Choice senior corporate affairs manager, Kristy Sheppard, said in a statement the results confirm anecdotal evidence that investors are turning to the market.

"A large number are calling our loan consultants to see how much money they can borrow from the various lenders on our panel and getting their finances in order, all in preparation for hitting the ground running to purchase in 2010 and 2011," she said.

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