Property investment has long been a popular way to build wealth. And despite what you might see in the news about rising interest rates, cost of living pressures and stalling house prices, it continues to be a sound investment in the long term.
When presented with a property development opportunity, it can always be tempting to set your goals for the project around one question… How many apartments can we fit on this site?
When presented with a property development opportunity, it can always be tempting to set your goals for the project around one question… How many apartments can we fit on this site?
Many attribute the growing number of Australians leaving our capital cities and inner suburbs for outer suburbs and regional Australia to the COVID19 pandemic. However, the reality is that this is a long-evolving trend.
Whilst there is no doubting the role that COVID19 and the resulting lockdowns in our cities and the rise of our new remote working reality have perhaps accelerated these trends, the pattern was established long before the word ‘coronavirus’ entered the public conscience.
As the population of major metropolitan areas continues to grow, the demand for apartments does. This has led to an increase in new developments and increased competition amongst landlords to fill their units. To ensure that your investment in an apartment will hold its value over time, it is essential to be aware of what sets newer developments apart from the older buildings in the area.
