What type of property will be in continuous strong demand in the future?

What type of property will be in continuous strong demand by owner occupiers in the future? 

Clearly, as a property investor, this will be important to know because these are the type of properties that will increase in value driven by owner occupier demand. 

The recently released census data gives us an idea of how the great Australian dream of owning a home is evolving.

It showed that while 71% of us live in houses (75% in 2006) more and more of us (13%) are living in townhouses (up from 9% 10 years ago).

This group increased by 45% between 2011 and 2016 and there are now just under 350,000 families living in terrace or townhouses.

And despite the surge of apartment construction, only 14% of us are living in apartments which is much the same as 10 years ago), however the proportion of high rise as opposed to lower rise apartments has increased.

Do families live in apartments?

Interestingly the average household size today is up a little from the last census.  

An average of 2.6  people live in each dwelling (previously 2.57.)

Maybe more of us are sharing or staying at home with mum and dad because of lack of affordability.

The 2016 Census data shows there are 228,243 families with children (with one or two parents) living in flats, units or apartments.

This equates to 6.3% of family households.

But as a proportion of apartment dwellers, families make up almost 20%, or 1 in 5.

When looking at the share of family households, the share living in apartments has barely increased between 2011 and 2016 – 6.1% to 6.3%

These trends are clearly depicted here in this graphic by id.com.au

So what type of property will be in continuous strong demand by owner occupiers in the future?

Clearly apartments are going to become more prevalent in the future, but increasingly townhouses are going to be the preferred style of accommodation for a wide range of affluent people because they provide modern  and spacious accommodation on compact blocks of land which are often situated in  desirable inner and middle ring suburbs  of our capital cities.

By the way… that’s exactly the type of dwelling that we specialise in at Metropole Projects.

In fact we are currently project managing 53 townhouse developments on behalf of clients who are “armchair developers” leaving all the work up to us. 

Now you can become a property developer and acquire your next investment property at developer’s cost!

While smart investors know that investing in property is a sure way to build wealth, most buy property at retail prices then wait for capital growth.

Metropole’s Property Developer Program offers you the opportunity to purchase property at wholesale prices and lock in immediate profits.

We enable you to become what we call an “armchair developer” and get all the benefits of property development without getting your hands dirty.

Metropole organises everything and acts as your project manager.

However, at all times you are in control and maintain ownership of the property title together with all profits from the project.

We allow ordinary Australians to become property developers and take the hassle out of your investment by assisting you with all the development expertise you need. From concept to completion.

To find out how you could get started in property development  please call us on 1300 20 30 30 or fill out the form here and we will contact you.