Growing Demand For Apartments In Sydney Suburbs

There’s growing evidence of a trend in Australia’s biggest cities of rising demand for apartments, both for reasons of affordability and reasons of lifestyle.

In the most expensive capital cities, more people are opting for apartments in suburbs where houses are too pricey, but apartments cost less than half the price of houses.

We’re seeing it in inner-city and middle-ring suburbs in Sydney, as well as Melbourne and Brisbane.

In some of these locations, typical houses may cost $2 million but mainstream apartments in the same suburbs are available in the $700,000s or $800,000s.

This trend has been particularly noticeable in Sydney in areas such as the Inner West local government area or in the Canterbury-Bankstown LGA.

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