NSW leads the charge in apartment living

by Caroline Dann02 Aug 2012
The switch to apartment living is strongest in NSW, according to a major property developer.
Urban Taskforce cited ABS’ recent statistics – showing a jump in apartment building approvals - as a sign detached housing was rapidly falling out of favour.
“What the statistics seem to demonstrate is the swing to apartment living is NSW is strong. No other state has apartment approvals ahead of detached houses,” it said.
Non-residential building approvals also spiked, which Urban Taskforce is hoping may revive construction in NSW.


  • by Terry 2/08/2012 10:40:31 AM

    I think what people are really saying is that the house on a block of land if out of the reach of most in NSW, especially in the major city areas. its pure economics. appartments are more affordable,