The following article by Michael Yardney on PropertyUpdate estimates that prices for new-build apartments may rise 23% by 2026 due to limited supply - https://propertyupdate.com.au/why-new-apartment-prices-could-climb-by-23-by-2026-the-market-forces-investors-need-to-know/.
The range of amenities available in apartment living, increased immigration numbers, and increase in construction costs will contribute to the increase in prices.
There is a forecasted undersupply of apartments in Sydney, Melbourne and Brisbane - with limited land availability, this is putting demand on an upward trajectory.
In good news for landlords, rents are forecasted in grow at least 25% in key Australian capital cities between 2024 and 2029.
If we take a look at existing apartment rental yields of Australia's 3 main East Coast cities, they are already very healthy in Melbourne and Brisbane, and quite healthy in Sydney.
Keep an eye on the rental yields by registering to PropertyDirector's Professional plan, enabling you to search rental yields for any Australian suburb, postcode, and LGA - https://www.propertydirector.com.au/choose-plan.
