Apartment Prices Predicted to Surge 20% by Decade's End

Despite current market headwinds, CBRE predicts Australian residential apartment values will increase by 20% by the end of the decade. This optimistic outlook is based on a large influx of recent migrants expected to enter the property market, coinciding with a sharp decline in new apartment construction due to high costs and funding difficulties.

For investors in Melbourne's western growth corridor, this suggests apartments could offer strong capital growth in the medium to long term. The anticipated supply shortage and sustained demand from new residents may make well-located units a compelling investment, potentially tightening rental markets further.