Are apartments a good investment Australia?

Apartments are becoming increasingly popular in Australia and if you’re careful with your investment selection and pay the right price they are very popular with renters and can pay dividends in the future when you go to sell. Buying an apartment as an investment is as safe as houses – if you buy the right one.

Is buying apartments a good investment?

Investing in apartments is one of the best investment strategies for investors who want an additional source of monthly income with slow but steady appreciation in the value of their portfolio. When it comes to real estate, there are two main types of properties that one can invest in: single family and multifamily.

Is apartment Living good?

Apartment living can be much more cost effective than house living for both bills and rent. Apartments can also be quite a sustainable option because with so many people living in close proximity it means that apartments retain heat from other apartments, which reduces the amount of heat you use in your own apartment.

Which Australian state has the best apartments for investors?

1. Hobart apartments Tasmania as a whole has risen to the top of many property investors lists, mainly because it is affordable compared to Australia’s other state capitals, but also due to lifestyle factors which continue to draw people to the Apple Isle.

How many high-rise apartments are built in Australia every year?

Australia has seen a significant increase in the construction of high-rise apartment buildings in the last 30 years. According to ABS data, the number of apartments being built in high-rise buildings in Australia every year has tripled in less than 10 years. In 2007, 30,000 high-rise apartment buildings were constructed.

Are apartments the new home ownership in Australia?

Home ownership in Australia is changing. Once the domain of singles, young couples and downsizers, apartments are now home to growing families too. In 2010, just 27\% of homes being built were apartments. Compare that to nearly ten years later where apartments account for almost half (46\%) of all homes built, according to CommSec data.

Are apartments in Australia’s most oversupplied cities getting as much love as ever?

Despite house prices rising at their fastest pace in 32 years, apartments in Australia’s most oversupplied cities aren’t getting as much love from buyers. In some areas, unit prices have tumbled in the past year and still haven’t recovered from their COVID-19 slump — with Sydney and Melbourne the worst hit capitals.