The Rise of the Apartment Culture
Like the world’s largest metropolises such as New York, London, and Paris, Australian cities are undergoing a discernible shift towards inner city living. It’s not merely a shift to living in or living closer to the city centre. It’s also a shift toward higher density living, from detached housing to units or apartments. This trend presents opportunities for investors and property investment, which we’ll look at in more detail in this article.
The Growth of Apartment and Townhouse Living
The numbers are very clear on the trend towards inner city and higher density residences and a shift away from standalone housing. Apartments are well on course to overtaking detached houses as the most popular new homes in Australia’s big cities.