Buying and selling apartments as an investor sounds quick and easy but the costs associated with doing so usually mean they are better off being
The rental crisis in Melbourne that is seeing exorbitant rent hikes for even the most humble of apartments, continues on in earnest as apartment listings slumped for the month of April.
Apartments out in the suburbs are making a comeback in the property market as a new wave of investor interest and housing affordability struggles cause attention to be turned to the sector.
Melbourne apartment investors are taking some big hits selling off dwellings they’ve been unable to fill with tenants since COVID hit.
Inner-city Melbourne apartment rents are in freefall thanks to the COVID-led dearth of tourists and students and an exodus of renters to the suburbs and regions.
Investors are swooping in on the COVID-hit inner-city apartment market as Melbourne begins its slow exit out of restrictions.
The success of the build-to-rent sector is set to continue with predictions that 10,000 apartments could be developed each year by 2023.
Australians are increasingly moving towards apartments, now nearly half of all homes being built according to the Australian Bureau of Statistics.
With no pipeline of new dwellings being constructed, the volume of apartments being marketed has nearly halved over the past 12 months.
The huge flood of new apartment construction in recent times has left apartment prices close to the city stagnating.