Built to get investors, inadequate for homeowners. The BIS Oxford Economics released a report on emerging trends in property https://lnkd.in/gxgS_iR and this paragraph says it all. For many years, I’ve talked about my worries with new apartments and this is one of the key reasons why. You see, young families over the coming years that cannot afford to get a house or townhouse in the inner rings, do not want to move out west and will not see the cheaply built new apartments designed to get investors as a viable option. To live in an apartment they will expect a much higher quality product to raise a family in and actually look at older apartments if they do. This means that the current explosion of a

high rise, will most likely only be suited to lower-income families due to affordability and young uni students/singles/couples who want a cheap place to live. The problem here is investors will only buy if it provides a high yield, meaning prices stay low. Also, low incomes can not borrow much from the bank to push prices up. This cycle will get worse. The more that are built, the less liveability and fewer families will want to live there. Property is about people, so understanding what people want is key to understanding what a good investment is hashtag#inadequate