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|Melbourne’s high rise apartment boom||842.89 KB|
This report documents the scale of the Melbourne’s recent inner-city high rise apartment boom and the scale of its likely further expansion.
It shows that it is an investor led boom, which is disconnected from any underlying increased preference for apartment living. It is delivering thousands of tiny apartments which reflect developers’ interest in maximising the number that can be packed into the building site and investors’ preferences for an apartment product selling for less than $500,000. The report examines the social and economic consequences of the boom for Melbourne.