While historically houses have made up the majority of the market, the current living trends have driven apartment demand up dramatically and while all of us were taught to buy your own piece of dirt the current generations are foregoing these ideas to live closer to work in major cities in densely populated apartment blocks and residential developments.
Many young families these days are time poor and they are not motivated to work in the garden or potter around maintaining their dwelling, they much prefer to live in an apartment that is private with no maintenance requirements. So that means that apartments are growing in demand and with demand comes higher rental yields and high potential capital growth. So while people continue to want to live in major cities, the demand will always be there for apartment blocks.
So understanding this trend will clearly guide us to the following formula: