Apartments around Melbourne
The apartment market in Melbourne has been “hot”. Developers were building at an alarming rate. The apartment market in Melbourne has slowed, which makes it the ideal time to get into the market at a lower entry point.
Apartment living suits many younger people. With the convenience of being close to amenities and often work, it really makes sense.
Many older investors poured their savings into the apartment market, before it slowed down. They may be sitting on a paper loss, but rental returns have remained consistent. Remember the old adage “real estate is for the long term”.