Apartments are traditionally cheaper than houses, and depending on where you look, there are usually more of them to choose from.
Market conditions are also becoming more favourable for unit investors. Thanks to a slump in the number of new apartments under construction, an undersupply is forecast for at least the next few years on Australia’s east coast.
As the post-COVID property market begins to cool in some cities, units are likely to be more resilient compared to houses.
Apartment growth cycles have, historically, been less volatile and the rental return for units is currently rising faster than capital growth.
Now that you know the benefits of buying an investment apartment, here are our top tips on finding the one that is right for you.
Location is one of the most important factors to consider in choosing the right property for investment. Depending on your strategy, you would most likely want to invest in an apartment where demand is high.
Small space apartments are usually in-demand in locations where young professionals are. Look at the city centre, employment hubs, universities and popular nightlife destinations, as well as areas where these places can be accessed via public transportation.
Also consider what other properties are in the immediate area of the apartment, and of course, the level of security.
Data gathered is only as good as how it is used. When analysing the market data, your aim is to find a location where you can maximise the profit potential of your investment apartment.
We are dedicated to helping you make the right lending choices for your investment and assisting you every step of the way.
Depending on your current financial situation and investment strategy, a small apartment could be a good way to start, especially for a first-time investor.
If you’re looking to buy an investment apartment, we can line you up with the finance you need. Get in touch and we’ll get the ball rolling with pre-approval on your finance.
The material on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this website is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs. Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this website are provided for illustrative purposes only. Although every effort has been made to verify the accuracy of the information contained on this website, Infocus, its officers, representatives, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this website or any loss or damage suffered by any person directly or indirectly through relying on this information.