Publication: www.brw.com.au
Author: Dan Hall
Date: 15 April 2010
Investors are finding value in apartments due to affordability and demographics. Agents in the northern NSW town of Balina say the ageing population are paying more for apartments that houses of a similar size and with bigger yards.
Warrnambool, Victoria, real estate agent Jeff Nesbitt says a preference for single dwelling properties is increasing the price of houses in Victoria's south-west. And older style of apartments in the suburbs on the fringe of Brisbane have provided stronger price growth (9%) than houses, over the 12 months to September 2009, PRDNationwide research shows.
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