Posted on Oct 18, 2017

The great Aussie dream used to be a house on a quarter acre yard filled with trees, but this is changing. New buyers and even the baby boomers are choosing apartment living.

According to a study commissioned by the Reserve Bank of Australia, which indicated that, there was a bigger demand for apartments in major cities as compared to houses in suburb locations. In fact, apartments that were constructed in 2016 accounted for about one third of all residential building approvals.

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