Downsizing in Australia - Stewart & Jethro Reed | Page 67

Dean Lupson

Dean Lupson

Restaurants and cafes on ground floor of complex Faulty materials
An interesting shift , especially in Melbourne and Sydney , has occurred over the past 12 – 24 months . With the rising cost of residential property in these two major cities , we are witnessing the evolution of ‘ apartment living ’ in modern Australia .
The attitude to apartment living in Australia has long been lukewarm at best , but now the Australian public has warmed to the idea and the popularity of apartments is growing fast .
More importantly , developers have finally listened to the market and are now catering for the market of downsizers . For the last 5 – 7 years there have been two markets in the apartment development space — investor and owner occupier . Up until

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