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COVID delivers divergent experience for apartment owner-occupiers, investors

An overwhelming majority of owners say their satisfaction with apartment living hasn’t been impacted by the pandemic, but the proportion of people who say they would recommend them as an investment has plunged since the onset of the crisis.

Apartment buildings surrounding green public open space
Open space and communal amenities in an apartments complex are a must have for buyers. Photo: Shutterstock

An overwhelming majority of owners say their satisfaction with apartment living hasn’t been impacted by the pandemic, but the proportion of people who say they would recommend them as an investment has plunged since the onset of the crisis.

Australian Apartment Advocacy surveyed around 3,600 apartment owners in April and May, with 70 per cent of respondents saying they would recommend apartment living to others, while 77 per cent said they had n…