Apartments in today's market: Are they worth it? - Smart Pro

Apartments in today's market: Are they worth it? - Smart Property Investment


Apartments in today’s market: Are they worth it?
By Bianca Dabu
22 June 2021
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1 minute read
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While owner-occupiers and investors alike rush to snap up houses, one expert believes apartments are still worth a consideration, especially for yield-hungry investors.
Quality, well-located apartments continue to offer strong yields and excellent returns, Raine & Horne’s national manager for property management, Maria Milillo, said.
For instance, in Sydney’s Crows NestCrows Nest, QLDCrows Nest, NSW, the gross rental yield for apartments stood at 3.1 per cent in May, above the 2.5 per cent recorded for houses, CoreLogic data has shown.
Similarly, Adelaide’s Unley boasts apartment rental yields of 4.7, above the 3 per cent clocked byhouses in the same area.

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