Inner city high rise apartments are becoming the property purchase of choice for younger buyers. The trend, which is being spearheaded in Melbourne, is a result of buyers being priced out of the urban housing market but not wanting to move to the outer suburbs.
Sydney is another market that is highly likely to see growth in the apartment market, as a result of off-the-plan stamp duty concessions introduced at the beginning of July.
Source: Your Investment Property Magazine
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