Is single home ownership ending? | Mark Bouris & Andrew Hrsto
Thinking about buying an apartment, but not sure what actually holds its value?
In this episode of Property Insights, Mark Bouris sits down with Andrew Hrsto, Founder and CEO of ALAND, for a candid look at the apartment market from someone who has built it from the ground up.
Andrew Hrsto founded ALAND in 2002 and has grown it into one of Sydney's most prolific apartment developers, with thousands of apartments delivered across Western Sydney and beyond, and projects now reaching the Central Coast and North Sydney. He has spent more than three decades in property and construction, and is also a long-time sponsor of the Parramatta Eels.
Mark and Andrew get into the things every buyer wonders about: what makes one apartment worth more than another, why brand, build quality and a walkable location now drive demand, and how the apartment buyer has changed from mostly investors to downsizers and owner-occupiers. Andrew also explains why so much of an apartment's price comes down to taxes and imposts, why projects are harder to deliver than they were ten years ago, and where he thinks home ownership is heading, including the rise of build-to-rent and the lifelong renter.
CHAPTERS:
3:01 How the apartment buyer has changed
4:12 Why apartment living is more accepted now
5:50 Inside a modern apartment: amenities and lifestyle
8:08 The features buyers want on their doorstep
9:04 What to look for: reputation, build quality and resale value
10:52 The taxes built into every apartment
12:27 Why projects are harder to deliver now
13:48 The budget and capital gains tax for developers
15:30 Build-to-rent and institutions buying whole blocks
16:41 Could single home ownership become a thing of the past?
20:39 Uncertainty, banks and non-bank lenders
23:28 Diversifying to survive, and final thoughts
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Yellow Brick Road was founded by Mark Bouris to help Australians on the road to their hopes and dreams. We offer competitive rates, an all-encompassing portfolio of mortgage broking services and a network of trusted home loan experts all over Australia. For more information, visit www.ybr.com.au or call 1800 927 927.
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