Talking Apartments

For literally decades property commentators and the media have debated the development of apartments in Australia’s capital cities. One thing we do know for certain is that apartment development has created a very valuable supply of housing providing choice for owners and tenants and with out it we would have a serious housing crises. Apartment developments are constantly changing to meet the demand of the day or purchaser profile. In the last 1 or 2 years the buyers have moved from mostly foreign and domestic investors to mostly owner occupiers. The world of lending to develop and buy apartments has shifted dramatically as has the tax regime which may change further if there is a change of government in 2019. John Meagher has been immersed in the apartment market for over 20 years and is founder and managing director of three sixty property group who specialise in the sale of off the plan apartments on Australia’s Easter sea board. Chatting to John he explains what the current purchaser is looking for in a