Property Investors Are About To Re-Enter The Market
There has been an upward swing in the past couple of months of enquiries from people discussing property finance with a view to investing. The price range of interest is mostly in the $350,000 to $420,000 bracket.
Another factor that has come to light is the upswing in interest of purchasing in medium to high rise apartments. All cities are facing the population growth problem and Gen Y and Gen X are quite happy to rent in this type of accommodation. They most definitely do not want lawns that need mowing as they like to sit at their computers and tend to socialise more that way than out on the lawn with a beer.
The strength of this interest in apartment living certainly indicates that capital equity growth should be well served with this type of investment and also on the renting side, it should provide good solid rental income with very little vacancy. These three factors will play a huge part in the popularity of these types of investment properties in property investment strategies.
On top of that of course is the fact that they are also cheaper to buy than a house property.
Another positive factor is that with such a high interest in this area of accommodation the newer buildings are looking very contemporary as developers make the effort to provide attractive constructions to suit the environment. The councils have also had a strong hand to play in this, as they do, and a unit in most new apartment blocks is worth considering as in your investment plan.
Filed Under: Investment Strategies • Property Investment Tips
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