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Australian Residential Property Development for Investors by Ron Forlee

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CHAPTER 16 Apartment developments

Before the 1970s very few Australians lived in high-rise flats or apartments, and, if they did, they were either tenants of various state housing commissions, or lived in such unusual residential areas as Kings Cross and Potts Point in Sydney. High-rise living was almost ‘un-Australian'.

Over the past decade we have seen a surge in new apartment blocks in most capital cities of Australia. One of the motivating factors is the drive by town planners to bring more life to the city after normal business hours. In addition, with increasing workloads in the 1990s and the demand for convenience, older style inner-city suburbs have increased in popularity. Land values closer to the central business district are increasing ...

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