Apartments on the rise: Where buyers should search

If you’re looking to buy an apartment whether it’s for investment purposes or to live in, it is crucial to understand the best areas to search. There has been a sharp increase in the demand and construction of apartments in recent years and as a result, some areas have become oversaturated and overpriced. Rather than waste money on an overpriced apartment, check out the best places to buy an apartment in Australia for 2020.

Newcastle, New South Wales

Buying an apartment in Newcastle will set you up nicely for the future. Newcastle has undergone major changes with strong investment in infrastructure and tourism. This has set Newcastle up to be one of the fastest-growing cities in New South Wales. Investing in an apartment here will provide you with a strong and fast-growing return on investment.

The Sunshine Coast, Queensland

The Sunshine Coast is set to explode in a big way and the value in owning a property there is only going to increase from here. Median house prices are still around $600,000 which is a bargain considering the potential future growth. The Maroochydore CBD project is a massive project that is set to explode the Sunshine Coast’s economy. With hundreds of new shops, plazas, restaurants, entertainment hubs and parks being introduced, an apartment in the Sunshine Coast will become a great place to live and an even better investment.

Bendigo, Victoria

Bendigo is another city gearing up for growth and still has suburbs sitting around a median house price of $300,000. With the Regional Rail Link just completed and multiple projects in the works including GovHub, Bendigo Stadium and the expansion of La Trobe University, Bendigo is a city that’s going to provide stable, short term return on investment and a nice place to call home.

Each of these cities are great places to search for an apartment, whether you are looking to invest or looking to settle down.

If you would like to learn more about buying an apartment and acquiring a home loan, get in touch with us today.

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