Units challenging accepted wisdom about houses being best property investment
Apartments are becoming the property investment of choice for a growing cohort of Australians and 2024 shapes as a year where they may significantly outperform houses.
Unit rents in Brisbane almost doubled the pace of growth of house rents, rising 13 per cent, with a similar picture emerging around the country. (Image source: Shutterstock.com)
While the Great Australian Dream of homeownership remains, it is becoming more likely it will be something vertical rather than a standard suburban house.
The dominant paradigm of real estate that houses on land show superior capital growth to units is being challenged, as a growing number of important cohorts push demand for apartments higher.
One of the big trends to emerge in Australian real estate in 2023 was the ongoing emergence of apartm…
