Taking the investment initiative is important to aid your chances of real estate success. After all, waiting around isn't going to get you anywhere. One of the best ways to know what the next possible good investment endeavour could be is to keep an eye on trends in the property market.
The latest Bankwest Housing Density Report has found a nationwide increase in the number of approvals for medium density dwellings, including apartments, townhouses and semi-detached homes.
Executive General Manager Mark Reid said Australia's need for medium density was fast outstripping that of detached, traditional homes, which could be interesting for those looking to invest in Gold Coast real estate.
"With high population growth – third only to Western Australia and the Australian Capital Territory – and being a popular vacation spot, Queensland has an obvious need for higher density dwellings around its city centres and along the coast," said Mr Reid in a February 18 statement.
In fact, Queensland has seen medium density dwellings account for 43.3 per cent of all new home approvals over the last 12 months, which is well ahead of 32.3 per cent seen the previous year.
This could highlight great opportunities for apartment investment in Queensland over the next few years, especially with the population expected to increase.