Apartments have a lower land content than other property, which keeps the price lower than other types of property in the same location.
This type of investment therefore suits an investor looking for a premium location and/or a low price point for the suburb.
Low rise apartments in smaller blocks are recommended.
Investment in high rise apartments requires caution because if there are any construction defects they can be very hard to identify early, and there can be a very high cost of rectification. Other disadvantages include typically high strata fees, and likely competition from similar properties when seeking tenants or if re-sale is required.
Compass has access to off-plan apartments in many locations.