Some interesting stats below. What type of property do you prefer as investment? • In the long term (since property data recording began) median detached house prices have outperformed units (Residex) • In the short term; median unit prices have outperformed houses (Residex & RP Data) • There has been a substantial increase in the last 20 years of lone-person households. In 2011, 24.3% of dwellings had only one occupant (Census Quickstats) • However, the overwhelming majority, 44% of us still live in 3 bedroom homes. Only 14% of lone-person households live in one bedroom dwellings (Census Quickstats) • Most home buyers (owner occupiers) who are wanting to maximise their private open space will opt for the following; a house further away from the city, an apartment in an older block of units if buying established, or a unit in a boutique low-rise building if buying new. These will generally offer more space and are of a higher quality with lower body corporate fees (NAB Quarterly Australian Residential Property Survey) • Our demographic profile is changing, couples are getting married and having children later, buying their first home when they are older, more of us are single or not in serious relationships (ABS Data) Apartments are what we choose until we “settle” as they offer low maintenance lifestyles, are convenient to amenities and are more affordable than inner city houses and townhouses. • 58% of apartments in Australia are owned by investors, in the inner city in Melbourne and Sydney, this is closer to 70% (ABS Data)
Posted on: Tue, 03 Jun 2014 04:29:09 +0000
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