PROPERTY'S BIG SHIFT: Houses versus apartments
Money Magazine Australia|June 2022
Change is in the air when it comes to property trends. House price increases mean apartments are ticking more boxes for younger buyers and downsizers looking for better value.
- TERRY RYDER
PROPERTY'S BIG SHIFT: Houses versus apartments

PLUS

Don't be scared of LMI

Tips for first-time buyers

'Rightsizers' enter the fray

The dominant paradigm in residential property that houses outperform apartments/units - is set for a shakeup. Epic growth in house prices in the past 18 months has changed attitudes. The price difference between detached and attached dwellings has grown, expanding the traditional gap into a chasm.

In some of the trendiest suburbs in our biggest cities, typical apartments sell for half or even a third of the cost of the median-priced house.

This presents prospects for buyers of all types, including first-home buyers, who have the choice between an apartment in a trendy location or a house in a middle-ring or outer-ring suburb.

The preferred option for most buyers has been a house on a block of land - more space, more ways to add value and the reality that houses typically deliver better capital growth than apartments.

As an average across the nation, the rate of price growth for houses was double that of apartments in the 12 months to April 1, 2022, continuing a longstanding trend.

But real estate is forever changing and there are demographic shifts working to alter attitudes towards apartments as the investment of choice.

While houses overall have outperformed apartments in this latest property boom, there have been some notable exceptions. It hasn't been all one-way.

Some younger buyers, seeking a low-maintenance home in a lifestyle area at an attainable price, have opted for apartments.

And older Australians, rattling around in the four-bedroom family home long after the kids have grown and flown, are seeking to join an emerging demographic force: downsizers.

Affordability's key role

この蚘事は Money Magazine Australia の June 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Money Magazine Australia の June 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

MONEY MAGAZINE AUSTRALIAのその他の蚘事すべお衚瀺
An outrageous, beautiful monopoly
Money Magazine Australia

An outrageous, beautiful monopoly

Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.

time-read
4 分  |
July 2024
Drop the anchor to judge value
Money Magazine Australia

Drop the anchor to judge value

Buying and selling decisions should be based on where a stock price is going, not where it has been.

time-read
3 分  |
July 2024
Powering the AI boom
Money Magazine Australia

Powering the AI boom

Beyond the software and chipmakers, where will the energy come from?

time-read
3 分  |
July 2024
Get into life
Money Magazine Australia

Get into life

Tucked inside super are products that can protect you from life's inevitable uncertainties.

time-read
5 分  |
July 2024
Paths to home ownership
Money Magazine Australia

Paths to home ownership

Taking the road less travelled can sometimes deliver unexpected benefits.

time-read
5 分  |
July 2024
Sold! Quick ways to add value
Money Magazine Australia

Sold! Quick ways to add value

Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.

time-read
5 分  |
July 2024
Money lessons the kids need to know
Money Magazine Australia

Money lessons the kids need to know

Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.

time-read
4 分  |
July 2024
Property-investing rules: are they likely to change?
Money Magazine Australia

Property-investing rules: are they likely to change?

The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.

time-read
3 分  |
July 2024
What's love got to do with it?
Money Magazine Australia

What's love got to do with it?

A rollercoaster of emotions could be driving poor crypto behaviour.

time-read
3 分  |
July 2024
Are we ready to be cash-free?
Money Magazine Australia

Are we ready to be cash-free?

Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.

time-read
2 分  |
July 2024