Are investment-grade apartments primed for growth in Melbourne and Sydney?
Over the past few years I have observed a strong trend of investment-grade house prices growing stronger than apartments. It is true that all markets move in cycles and all cycles come to an end, eventually. It’s my thesis that several factors (such as the fall in the volume of new apartments, contraction of borrowing capacity and high population growth) are conspiring to create a growth cycle for older-style, investment-grade apartments.Supply of new build apartments drying up, fastDevelopment approvals for new apartments has been falling dramatically over the past few years. In Sydney, the…
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