The rise of apartments is good news for property investors
In the latest January building approval figures released by the Australian Bureau of Statistics (ABS) the number of apartment approvals rose nearly 24 per cent over the past 12 months.
For the first time since September 2013, apartment approvals (9700) outshone house approvals (9600).
Apartments have been popular options for property investors. In most cases, apartments are obviously more affordable, and are in demand because of their general proximity to lifestyle amenities.
To make sure you get the right apartment – and one that is within your financial reach – make sure you consult a real estate expert and also do your sums with a loan writer.
Below are a few rules you should consider when searching for an apartment that will maximise your rental returns and capital gain.