{"id":2559,"date":"2022-05-13T06:54:12","date_gmt":"2022-05-13T06:54:12","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/10-most-in-demand-unit-markets-among-investors\/"},"modified":"2022-05-13T06:54:12","modified_gmt":"2022-05-13T06:54:12","slug":"10-most-in-demand-unit-markets-among-investors","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/10-most-in-demand-unit-markets-among-investors\/","title":{"rendered":"10 most in-demand unit markets among investors"},"content":{"rendered":"

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Investors continue to boost their presence in the property market after years of waiting in the sidelines, with some unit markets gaining huge traction from this buyer segment.<\/p>\n

PropTrack senior economist Eleanor Creagh said the gap in unit and house prices has led to the heightened interest for attached dwellings.<\/p>\n

\u201cIn fact, enquiry volumes on unit listings from investors have surged in every state. Australia-wide, the volume of unit enquiry from investors has rocketed 57% higher year-on-year,\u201d she said.<\/p>\n

Here are some of the suburbs that witnessed substantial spikes in enquiries for units over the past year:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/p>\n

Suburb<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Growth in enquiries for units (%)<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Caringbah (NSW)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

220<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Rouse Hill (NSW)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

209<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Pakenham<\/a> (Vic)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

205<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Woolloongabba (Qld)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

248<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Wynnum (Qld)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

215<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Chermside (Qld)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

214<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Cannonvale (Qld)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

202<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

South Brisbane<\/a> (Qld)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

202<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Calamvale (Qld)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

200<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Hamilton Island (Qld)<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

200<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n

Other suburbs in smaller states and territories, including Plympton (SA), Phillip (ACT), Mount Lawley<\/a> (WA), Howrah<\/a> (Tas), and Parap<\/a> (NT), also registered high level of enquiry for unit investors.<\/p>\n

The booming demand for units was also apparent in their faster selling times relative to houses in most capital cities in April.<\/p>\n

For instance, the time it takes to sell a unit in Adelaide<\/a> and Canberra has shortened by 15 and 11 days, respectively compared to last year.<\/p>\n

Selling days for houses in these two cities only decreased by six days during the same period.<\/p>\n

Brisbane also posted a glaring difference between the two segments \u2014 selling days declined by eight days for units and only three days for houses.<\/p>\n

\u201cNow that COVID-normal is underway and people are returning to major cities, we\u2019re seeing signs that demand for units is starting to bounce back,\u201d Ms Creagh said.<\/p>\n

\u201cThis is a likely by-product of fresh focus from investors on the apartment market, along with mounting affordability constraints for buyers after last year’s record surge in house prices.\u201d<\/p>\n

Ms Creagh believes the demand for units are likely to strengthen, especially on the back of rising mortgage rates which could price out many buyers from the house markets.<\/p>\n

\u201cReinvigorated inner-cities may also be a driving force behind growing interest in units, which suffered through the pandemic,\u201d she said.<\/p>\n

\u2014<\/p>\n

Photo by @eye4dtail on Pexels.<\/p>\n<\/p><\/div>\n


\n Top Suburbs :
\n
\n
\n murdoch<\/a>
\n
\n ,
\n
\n bendigo<\/a>
\n
\n ,
\n
\n tweed heads south<\/a>
\n
\n ,
\n
\n leumeah<\/a>
\n
\n ,
\n
\n kawana<\/a>
\n \n<\/p>\n<\/p><\/div>\n

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