Apartment
Apartments are a popular residential investment option offering strong rental demand in capital cities, major centres and high-growth precincts.
For property investors, apartments can deliver reliable cash flow through consistent tenant demand, while providing a low-maintenance ownership profile compared to standalone houses.
Well-located apartment investment properties are often sought after by renters prioritising convenience, transport access and lifestyle amenities, supporting occupancy and long-term resale appeal.
Investors commonly target apartments as a strategy to balance affordability, rental income and capital growth in established urban markets.
SMSF
Build Complete
- $ 737,000
Gross Return
$ 35,620
$ 35,620
Gross Yield
4.83%
4.83%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2607 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 727,000
Gross Return
$ 35,620
$ 35,620
Gross Yield
4.9%
4.9%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2407 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 814,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.37%
5.37%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot D1602 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 844,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.18%
5.18%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2404 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 687,000
Gross Return
$ 35,620
$ 35,620
Gross Yield
5.18%
5.18%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot D1607 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 834,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.24%
5.24%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2204 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 839,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.21%
5.21%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2304 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 859,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.08%
5.08%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E1806 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 849,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.14%
5.14%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2504 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 864,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.06%
5.06%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2402 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 869,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
5.03%
5.03%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot E2006 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
SMSF
Build Complete
- $ 904,000
Gross Return
$ 43,680
$ 43,680
Gross Yield
4.83%
4.83%
Capital Growth
5.43%
5.43%
Vacancy Rate
0.02%
0.02%
Lot D2008 - Mason & Main - Merrylands
Merrylands, Sydney, NSW, 2160
Apartment
Frequently Asked Questions
An apartment (or unit) is a dwelling within a larger building, held on strata (or company) title, where you own your lot plus a share of the common property and the land beneath the building. The defining investment difference from a house is the land component: an apartment carries only a small share of land, which shapes its growth profile, its costs (body corporate) and the rules you operate under.
As a general rule, yes, apartments cost less to buy relative to the rent they command, so their gross yield is typically higher than a house in the same area. The trade-off is that strata levies reduce the net return and the land component is smaller. Always compare net yield, after body corporate and other costs, rather than just the headline gross figure.
Because land appreciates while buildings depreciate, and an apartment’s share of land is small relative to the structure. Over long periods, houses have generally outgrown units for this reason. The exception is well-located apartments in genuinely scarce, tightly held areas, where land value and location can drive strong growth despite the smaller land share.
Strata (body corporate) levies fund the maintenance, insurance and management of the building and shared facilities, and they are an ongoing cost that reduces your net yield. They vary widely a basic walk-up block costs far less than a building with lifts, pools, gyms or concierge. Buildings can also raise special levies for major works, so review the strata records, sinking-fund balance and meeting minutes before purchasing.
A newer apartment typically offers strong depreciation. Deductions on the building’s structure plus the plant and equipment (appliances, carpet, air-conditioning) and your share of common-property assets. Older or second-hand apartments offer less, particularly on used plant and equipment under current rules. A quantity surveyor’s depreciation schedule is the standard way to quantify and substantiate the claim.
Oversupply is the classic one: when many similar units are built in the same precinct, growth and rents can stall and vacancies rise. Other structural risks include rising or unexpected strata levies, building-defect and maintenance issues in the common property, and dependence on a body corporate you do not solely control. Because the land-to-asset ratio is low, the depreciating building makes up most of the property's value, leaving less in the appreciating land.
Singles, couples, students and professionals who value location, lock-up-and-leave convenience and proximity to transport, work and amenity over space and a backyard. This tends to be a deep, consistent rental pool in well-located areas, which supports occupancy, though tenants may turn over more frequently than in family houses.
Favour scarcity and quality over volume: boutique, low-rise blocks in established, tightly held suburbs generally outperform high-rise in high-supply corridors. Check the land-to-asset ratio, the financial health and reserves of the body corporate, the levy history, building condition and any planned major works, and the depth of local rental demand. Position within the building, aspect, light, noise, parking also matters for both rent and resale.
Most lenders are comfortable with standard apartments, but many apply rules around minimum internal size and may restrict lending in high-density postcodes or for student, serviced or hotel-style units. Smaller studios and unusual unit types can require larger deposits or be harder to finance. It is worth confirming a lender’s appetite for the specific building before committing.
They lean toward income and accessibility: lower entry prices, higher yields and lower maintenance make them attractive for cash flow and for getting into desirable locations affordably. Investors focused primarily on long-term capital growth often prefer assets with more land. Many investors hold apartments for yield and convenience while relying on land-rich assets for growth.
Why Buy With Aus Investment Properties?
- Dedicated In-house Project Manager.
- High-yielding properties.
- Independent rental assessment.
- Full turnkey properties, 'Ready to Rent'.
- Brand new properties with builders warranty.
- High quality, highly specified properties.
- Tax and depreciation benefits from new properties.
- Buy direct from the builder.
- Investor or SMSF.
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.
SMSF Single Contract
