When considering real estate investments, location plays a pivotal role, which is particularly important in Singapore. Condominiums situated in central districts or close to essential amenities like schools, shopping centers, and public transport hubs tend to have a higher appreciation in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have demonstrated consistent growth in property values. Additionally, the proximity to reputable schools and educational institutions makes these condominiums highly sought-after by families, further enhancing their potential for rental yield.
Furthermore, the rise of the sharing economy and short-term rental platforms like Airbnb has also impacted the housing renovation industry. Many homeowners are now choosing to renovate their properties with the intention of renting them out on Airbnb. This trend is expected to continue, especially in popular tourist destinations like Sydney and Melbourne.
In conclusion, the housing renovation industry in Australia is experiencing …
View More Expanding Horizons Analyzing Housing Renovation Trends in Australia for 2024 with a Focus on Rental Yield