Thursday, 15th October 2015
The question of whether to invest in houses or apartments is one that won't go away, but the answer is simple…
It all depends on a particular area's demographics.
If you look at East Melbourne, for example, there are more apartments in this area, but it still offers increases in value.
The 10-15km ring around Melbourne's CBD has a mixture of both houses and apartments, with both in equal demand.
When it comes to the growth and performance of houses vs apartments, there are cities and suburbs where one will outperform the other, or vice versa.
This is because the performance of a 'property type' is always determined by where the strongest demand is.
It is for this reason, and this reason only I believe BOTH, Houses and Apartments are great investments depending on the demographic mix and population demand for that specific style of property.
This will vary every suburb or city, but there will be a clearly identified demand for one property type or another.
The first step to consider when making your decision is to know the numbers of how different property assets are performing.
Until next time,