The next property gems aren't necessarily where or what you think
Apartments have long been overlooked by many investors but Matt Piotrowski, Managing Director of Dynamic Advisory, says selective buyers are finding value in well-located units trading below replacement cost in markets others have written off.
Apartments in parts of Melbourne have been identified as an undervalued asset class. (Image source: Lisa Parry)
Ask most people where the next booming location is and they’ll point you to houses in the usual suburbs everyone’s already watching. We think a lot of the real value right now is sitting in the one asset class almost everybody has written off, and that’s apartments.
Apartments have a bad reputation. You’ve probably heard the standard advice a hundred times; steer clear, too much supply, no land, strata fees.
It gets repeated so often that most pe…
