“Shortage of Affordable, Family-Sized Apartments in Melbourne Could Soon Change” – Article in Domain, Oct 6, 2017
Image shown is the Farmer Cutter & Swan development, designed by MAA, for Beams Projects in collaboration with Icon Developments.
“Families looking to apartments for financial reprieve are being met with disappointment, with an acute shortage of affordable options on the market.
…Developers have largely shifted focus away from investors, increasingly catering to young owner-occupiers in the inner suburbs. And in recent years, they have reported stronger demand for bigger dwellings from couples who are happy to raise a family in an apartment complex.”