Many young professionals, small families and downsizers are being drawn towards apartment living in Australia's inner city suburbs according to a property market forecast which provides opportunities for investors.
People are being drawn to our buoyant inner cities and settling for smaller accommodation than past trends. Australia’s inner cities appeal to tenants, investors and owners which is creating opportunities for those wanting to invest in property.
We are witnessing a significant shift in the way people are choosing to live, particularly with the younger generations who prefer to live in an apartment. The other driver is the baby boomers that are selling up the family home and downsizing to apartments or smaller townhouses.
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By Darryl Simms