Apartments can be excellent investments, however it's important to research the location and consider the type of apartment you are purchasing.
While cookie-cutter-style high rise towers built in CBD areas do appreciate in value, purchasing units in boutique blocks often provide better value as they are more unique and distinct.
The building issues associated with high profile towers in recent years (e.g. Opal Tower) may also make them less attractive to some buyers.
It's important to research suburbs to avoid areas with an oversupply of apartments, as they are less likely to appreciate and deliver solid capital growth.
Use tools like PropertyDirector's vendor discount report and vacancy rates report (shown below) to review and compare locations so you're armed with the knowledge to make optimal investment decisions.
