Putting this property market in perspective

Although there’s very little evidence of a housing supply glut, the best opportunities for property investors are not in high-density dwellings.

Summary: Despite the talk of a housing supply glut, the surge in buildings approval is confined to apartments. New dwelling investment has lifted recently, after an earlier period of no growth, but we can conclude this is mainly in apartments too. There is no sign of a supply glut when you look at the increase in the total housing stock.

Key take-out: Outside of the higher density dwellings, the data still point to a significant underbuild of detached housing and I reiterate my view that this is where the best opportunities for investors perhaps lie.  



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