Apartments vs Houses: Which is Better to Buy in Australia in 2024? | EP 16

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? If you liked this episode, make sure you’ve subscribed to our channel for more in-depth discussions on property trends, Australian real estate, and actions for buyers looking to break into the property market. Hit that notification bell!    Follow us on all socials for updates, BTS and engaging discussions on property trends and market analysis.  https://linktr.ee/propertynow_co   If you found this video valuable, give it a thumbs up and share it with your friends, family, and anyone interested in property trends and Australian real estate. 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 - Intro00:02:24 - Which is better?00:03:46 - Aus outlook report00:04:45 - Role of supply & demand 00:05:29 - Borrowing capacity challenges00:06:27 - Apartments will grow faster00:08:11 - Less qualified buyers00:09:13 - Community00:10:31 - Urban sprawl00:010:57 - Global Density Examples00:13:27 - New Aussie Dream?00:16:59 - Role of media00:19:20 - Role of developers00:20:24 - Green spaces00:23:01 - Apartment prices rising00:25:25 - Convenience or space00:27:30 - Covid & Community 00:29:22 - Houses still on top00:32:20 - Not so simple00:33:23 - Know your goals00:37:10 - So, which is better? Hosted on Acast. See acast.com/privacy for more information.