National Top 10 Apartment Hotspots

A July article declared 2023 to be “The Year of the Apartment”. At Hotspotting we agree that the year is seeing a growing body of evidence that apartments are emerging from the shadows of standalone houses as a worthy competitor for investment dollars.

As at July 2023, apartments overall were outperforming standalone houses in a number of ways – including faster growth in rents, superior price growth rates for much of the past 12 months and a majority of new dwelling approvals.

About the report:

The National Top 10 Apartment Hotspots report identifies the ten locations where apartment markets are gaining speed.

The report has become more important in recent years, as many embrace apartment living in our big cities and larger regional centres.

The report highlights the ten locations offering potential for investors in the apartment market.

It provides the demographics of each location, including homeownership, population growth, employment by industry and household composition and provides analysis of the economy and amenity in each location.

The property market is analysed with detailed tables on median unit prices, short-term and long- term growth performance, vacancy rates, rents and yields.

It also outlines the future prospects and development pipeline of each location, where the infrastructure spending is and future jobs nodes.

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