Seeking your next property investment? Look up
It’s the year of the apartment as more Australians opt for high density living
2 min
Apartments are now outperforming houses as a source of investment in the Australian property market.
New research released by property advisory service Hotspotting reveals that the apartment market has gained new ground in recent years as more people seek flexible, affordable housing options closer to existing infrastructure. As a result, the high density market was seeing stronger returns in both yield and capital growth.
Hotspot has released a National Top 10 Apartment report, identifying specific Australian suburbs with the greatest potential for investors. The Brisbane suburb of Annerley was the top pick, followed by Belconnen in Canberra, Clayton in Monash, Victoria and Dicky Beach on the Sunshine Coast.
The Sydney suburbs of Gymea and Stanmore were the only NSW areas to make the top 10 while Mitchell Park in the South Australian city of Marion was the sole entry from that state.
Hotspotting director Terry Ryder said the growing popularity of apartments for both homeowners and investors was complex.
“It’s not just about affordability – although that plays a big role in our largest cities – but our population is simply embracing apartment living more because of the opportunity to reside in more desirable locations as well as having easy access to lifestyle precincts,” Mr Ryder.
“Developers have also been constructing more owner occupier stock, such as three- and four-bedroom apartments, as well as offering superior resident facilities such as rooftop and barbecue areas, infinity pools and spas, private dining rooms and even the complimentary use of vehicles for those who don’t have transport.”
Hotspotting general manager Tim Graham said there was still plenty of room for growth, as evidenced by the apartment market in Europe and Asia.
“In London, apartments comprise 94 per cent of dwellings, while in Singapore it’s 93 per cent and in Hong Kong it’s 84 per cent,” Mr Graham said.
“In comparison, about 46 per cent of residences in Sydney are apartments, while in some smaller cities such as Hobart that percentage drops to just 15 per cent.
“More than 50 per cent of new dwellings currently under construction are higher density, however, this figure still falls short of the supply needed for our booming population, which is likely to push apartment prices higher over the medium-term.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Lamborghini Esperienza Giro 2024 in Langhe, Piedmont
3 min
A three-day super sports car driving experience immersed in authentic Italian culture, the Esperienza Giro brought together Lamborghini super sports car owners from across Europe for an exclusive tour celebrating the picturesque region of Langhe in Piedmont, northern Italy. Participants enjoyed luxurious accommodations, exceptional authentic dining, and an immersive experience of the region’s culture, traditions, and landscapes, during the exclusive VIP experience all organized by Automobili Lamborghini.
Il Boscareto Resort and Spa, nestled between the hills of Serralunga d’Alba, provided a luxurious setting for the guests. Upon arrival, Lamborghini clients were treated to a two Michelin-starred dinner crafted by chef Michelangelo Mammoliti at the Rei Natura restaurant, which embraces the natural elements of the region in both its interior design and cuisine.
The tour covered a total of 488 kilometers over several days, beginning with a drive to the medieval Castello di Prunetto, where guests enjoyed a specially curated hazelnut tasting experience, a regional delicacy. The super sports cars then proceeded to Pico Maccario winery, known for its innovative winemaking techniques, picturesque vineyards, and the historic Cru Cannubi wine: a bottle of which is recognized as the oldest in Italy (dated 1752), and considered one of the most important vineyards in the world. Set in rolling vineyards punctuated with the famous Pico colored pencils, denoting the different varieties of grapes and wines, the Lamborghini owners enjoyed a private tour of the production facilities and a lunch before heading back to Il Boscareto. The day ended at the remote 11th century Castello di Grinzane Cavour, a site of significant importance in Italian history and owned over the centuries by several noble Piedmontese families where guests attended a dinner in a medieval setting entertained by flag-throwers and a falconry performance.
The following day featured an exhilarating drive through mountain scenery with a coffee stop at BAart in Agliano Terme, a village renowned for its Barbera grape winemaking and gastronomy. BAart, located in the deconsecrated Chiesa di San Michele, is a community project that blends contemporary art with traditional regional flavors. The group then visited Castello di Razzano, a historic estate dating back to the 17th century, for a private lunch featuring local products, including the estate’s own olive oil. The day ended with a private dinner at Winery Cecilia Monte, where guests savored typical Piedmontese dishes and participated in a unique workshop using wine as paint.
Heading off on day four the Lamborghini owners arrived at Santuario dei Piloni for a mid-morning stop, in a craggy, rural area famed for its history and traditions; here, participants engaged in a truffle hunting experience with dogs, culminating with a tasting of the finest truffle. The tour concluded with a drive to Pollenzo, an ancient city on the banks of the Tanaro river and the home to the University of Gastronomic Studies. Reflecting the university’s dedication to culinary excellence, guests experienced a private lunch of Piedmontese specialities next door at Scuderie Sabaude, where the king of Italy’s stables once stood. Like each edition of Esperienza Giro, Lamborghini guests in Langhe enjoyed a holistic journey incorporating the exceptional and emotional performance of Lamborghini super sports cars, while celebrating the enduring allure of local cultural experiences, exceptional cuisines and Italian heritage.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
