It’s the Australian Dream (apparently)—a white picket fence, a Hills Hoist in the back yard. But our cities have changed. High density housing is here to stay—not because it’s forced on us, but because there are plenty of people choosing the lifestyle it affords. Here are some of the reasons Australians are opting for apartment-living.
Low maintenance yard with awesome balcony garden
Gone are the days of lifeless, bare balconies. The modern city-dweller has brought life to the concrete jungle. Vertical gardens, balcony rail planters, hanging pots and raised garden beds all allow apartment owners to enjoy the best of a backyard—home grown vegetables, spring bulbs, potted roses—without the hassle of grass that needs mowing and leaves that need raking. Continue reading
Winter A Glut is Coming (Apparently)
You’ve probably heard the rumours by now. You know, the ones about a likely apartment ‘glut’ in Sydney? Well, some now fear that the same could happen in Canberra.
According to ABS statistics, construction work in both NSW and the ACT is on the rise in a pretty big way, with NSW construction having risen for six quarters, and the ACT figures showing a rise for two quarters.
Popular media appears to have jumped right on stats like this, with cries of “OMG the apartments are taking over!” ringing out left, right and centre. Sigh. Before we freak out, let’s discuss this properly. Continue reading
There’s a generation of Australians out there that feel they’ve been trounced by the property market before they’ve even had a chance to get into the ring. The story goes decades of skyrocketing house prices and increased cost of living have delivered a one-two punch to first home buyers that has many on the mat. The heavy feeling of defeat keeps some there; convinced that the Australian dream will never come true.
Getting together a deposit is seen as perhaps the biggest challenge when it comes to getting into the housing market. The more house prices increase, the larger the deposit needed. With wages remaining stagnant and cost of living increasing, saving has become that much harder. While many renters move in with their folks in order to get a leg up, that isn’t an option for everyone.