New research has highlighted 100 Australian suburbs and towns where property investors could generate higher rental yields, with small Queensland towns dominating the list.
Approvals for new apartments have fallen to a seven-year low, down by 9.7%, as developers hold back applications for new developments at a time of high profile cladding and defect problems.
There are early signs the housing market may be recovering, with small price rises in Sydney and Melbourne – where house prices have dropped the most in recent years.
A new Grattan Insitute report, “Generation Gap: Ensuring a fair go for younger Australians” reveals younger generations are in danger of being the first generation to have lower living standards than their parents’ generation.