Which is the better property to buy in Australia in 2024: an apartment or a house?
In this week's episode, our team dives into recent data revealing that apartment growth is projected to reach 23% in the upcoming years, while houses are expected to see a growth rate of 16%. This information begs the question: What implications does this have on the property market, and which type of property should you consider purchasing?
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Data referenced in this episode is taken from QBE’s Australian Housing Outlook 2022-2025 report, which you can access here: https://www.qbe.com/lmi/news/reports/housing-outlook.
00:00:00 - Intro
00:02:24 - Which is better?
00:03:46 - Aus outlook report
00:04:45 - Role of supply & demand
00:05:29 - Borrowing capacity challenges
00:06:27 - Apartments will grow faster
00:08:11 - Less qualified buyers
00:09:13 - Community
00:10:31 - Urban sprawl
00:010:57 - Global Density Examples
00:13:27 - New Aussie Dream?
00:16:59 - Role of media
00:19:20 - Role of developers
00:20:24 - Green spaces
00:23:01 - Apartment prices rising
00:25:25 - Convenience or space
00:27:30 - Covid & Community
00:29:22 - Houses still on top
00:32:20 - Not so simple
00:33:23 - Know your goals
00:37:10 - So, which is better?
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