New era for apartments as rental takes centre stage

IRONIC, really — some of the country’s best apartments, finally built with enough space, storage and services to support long-term use and designed to suit owner occupiers and what happens? The property market dies, and first to go is the apartment buying sector.

Enter, thus, some of the best rental stock, being let en block and en masse by their developer owners, many of whom haven’t even tried to sell a single unit in their completed developments.

It is a new model, and certainly helps keep the bank from the door, and chips in to cover interest repayments, if not the capital sum.