If you’re looking for a cheap one-bedder apartment to invest in, the Real Estate Institute of Victoria has released figures to March of the suburbs in Melbourne where you can get one-bedroom apartments for under $300,000.
The inner-eastern school belt of suburbs have been identified as one of the best places to buy apartments in Melbourne.
The number of off-the-plan apartments advertised for sale has jumped by 154 per cent in Australia in the last three years.
Apartment supply in Melbourne has been overflowing in recent years but the growth in international students next year could ease the problem.
Some property pundits believe that a property’s value is in the land, and that a house investment is the only way to go, while others swear that apartments deliver the strongest profits. So which investment is the better choice: houses or apartments?
Nothing ventured, nothing gained… but when is the risk too great? We take a closer look at seven potential risk factors when investing in units and uncover the truth behind the claims
