Date: 1 September 2010 For many, buying a new apartment off the plan is they way to go when investing in property. The reason so many people like new apartments is that with the world changing so dramatically over the last few decades, new apartments are becoming more in demand which in turn is pushing up capital growth and rental yields for property investors. Some of the benefits of buying new property, especially apartments are: - High Depreciation - Increased Rental Return - Delay in Settlement if you buy off the plan - Low maintenance - Body Corporate maintains building - Location is usually closer to amenities including transport, shops and schools - More affordable With the demand for apartments increasing and becoming higher than houses, two social trends can be noticed. The first is that Australia has an aging population and many are looking to downsize from large homes to low maintenance apartments generally in more desirable locations. The second trend is that the younger population are choosing new apartments over houses due to lifestyle and location preferences.
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