May 2017Single-family home sales rose 11.5 percent year-over-year with 8,156 units sold;Total property sales increased 12.3 percent with 9,744 units sold;Total dollar volume jumped 17.4 percent to $2.8 billion;The single-family home median price rose 4.4 percent to a record high of $235,000;The single-family home average price climbed 4.3 percent to $302,362, which was the second highest level of all time (highest was $302,629 in June 2015);Single-family homes months of inventory grew to a 4.1-months supply, the highest level since November 2012;Townhome/condominium sales surged 16.5 percent, with the average price up 3.1 percent to $206,363 and the median price up 0.9 percent to $163,500;Leases of single-family homes soared 31.0 percent with average rent down 4.2 percent to $1,779;Volume of townhome/condominium leases rocketed 46.2 percent with average rent down 6.7 percent to $1,565.

Hi Will,Apartments are available but there is a huge over supply of apartment development here in Sydney.

I was born in Columbus, Ohio and I remember when a bunch of people were betting that when Limited Holding Company was going to bring "Thousands of Quality Jobs" to the Columbus Area and "Out of State Investors"....particularly from the West Coast were pouring money in left and right on property out there....betting on appreciation....and when it didn't happen nowhere near the rate they were expecting, some of them sold those same properties.....to people that were raised in Ohio who seemed to know better........because they knew they would get steady profitable cash flow.....  

Its all about supply/demand, pricing and of course marketing....that's why I ask. 

I focus on military communities, the rents are steady, they are already vetted (still wouldn't hurt to check), and a consistent renter population.  

I assume you have vast understanding of the market where you want to build and what homes sell for, what the inventory supply is and demographics.

For example, do you actually want cashflow or want to sell in a few years to take advantage of the steady appreciation your property will go through? 

What's going to happen to your rents when there is a ton more supply and your unit is the outdated one?

It will be a detriment to many tenants out there and of course make housing supply less attractive 

You supply a place to live.