Advertorial feature

Australian property trends: serviced apartments and Melbourne’s rise

 

Only a few years ago, buying a property in the UK was seen as a sure-fire way to make money. However, the property market is now seemingly stuck in a period of prolonged stagnation and buyers and developers are looking at other regions and countries to invest. It seems like a long time since the days of guaranteed returns and increasing values.

So where’s a good place to invest then? Virtually the entire Western world has seen house prices crumble since 2007 but Australia's residential market has defied gravity. And there has been a recent resurgence in buyer activity after a relatively tough year – with many industry publications and news sources speculating that now is the time to buy.

The attention of many potential migrators and investors turns towards Australia at this time of year too, and this statement is backed up by online data: Google Trends - a search tool that shows Google searches change over time – reveals large spikes in Google searches for terms like ' buy serviced apartments in Australia' over the weary winter months, especially in January.

So, for those beginning to look down under as the days darken, here’s a timely introduction to a couple of key trends in the Australian property market:

Serviced apartments on the up

Outside of Australia, the term ‘serviced apartments’ isn’t ubiquitously known. The aforementioned search tool, Google Trends, shows that searches for serviced apartments are almost uniformly concentrated in Australia. However, serviced apartments are handy for foreign investors to know about as they can be a safe investment option with secure returns.

To elaborate basically, a serviced apartment is a fully-furnished apartment-style property that’s available for short-term or long-term stays and these apartments are commonly used in Australia, especially by business customers, with most serviced apartment operators receiving full or solid bookings throughout the year.

These apartments can be bought as well as rented, with attractive advantages such as solid rental return of six per cent plus and predictable annual returns from consistently-high tenancies. And with the Australian property market comparatively buoyant there’s the opportunity to make money via capital growth.

Key link: Quest Properties is a trusted company that sells serviced apartments in some of Australia’s most attractive regions – from Melbourne to Launceston.

Melbourne’s growing reputation

There are many attractive locations in Australia but some places are becoming more desirable (and potentially more lucrative) than others. Melbourne is one location that’s growing in both national and international renown.

Over the past few months, the results of the yearly ‘world’s most liveable’ surveys appeared again and Melbourne featured highly in most lists – including right at the top of the most eminent list by The EIU (Economist Intelligence Unit). This popular attainment resulted in a slew of international coverage, particularly in Vancouver, Canada, after the city was deposed from the top-spot in 2010.

Admittedly, these studies can be a bit superficial and Anglo-centric, but Melbourne is a top destination in practical respects too – the city is one of the fastest growing in Australia and projected to overtake Sydney as the country’s largest city within the next three decades if comparative growth remains unchanged.

The Victorian city’s increasing growth and reputation is good news for investors looking to buy in a sought-after city where values could quickly increase. Budding investors could even combine both of the trends above with a serviced apartment in Melbourne.

So, if you’re one of the many brits taking an interest in Australia at this time of year then then a sound investment could be at least helped by taking note of the two trends above. Good luck!

Discover more property articles at Homes and Property
PROMOTED VIDEO
Life and Style
tech
News
The 67P/CG comet as seen from the Philae lander
scienceThe most important scientific breakthroughs of 2014
Arts and Entertainment
Ian McKellen as Gandalf in The Hobbit: The Battle Of The Five Armies
film
Arts and Entertainment
Sarah Koenig, creator of popular podcast Serial, which is to be broadcast by the BBC
tvReview: The secret to the programme's success is that it allows its audience to play detective
News
Ruby Wax has previously written about her mental health problems in her book Sane New World
people
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Sales Executives - OTE £60,000

£25000 - £60000 per annum: Recruitment Genius: Are you passionate about Custom...

Recruitment Genius: Care Workers Required - The London Borough of Bromley

£15000 per annum: Recruitment Genius: This homecare agency is based in Beckenh...

Recruitment Genius: Sales Executives - OTE £50,000

£25000 - £50000 per annum: Recruitment Genius: Are you passionate about Custom...

Recruitment Genius: Sales Executives - OTE £50,000

£25000 - £50000 per annum: Recruitment Genius: Are you passionate about Custom...

Day In a Page

Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas