The proliferation of high-rise apartments across Australia’s cities has been touted as not only a solution for housing affordability, but also as a way to save the environment by reducing sprawl, as well as saving the economy by filling the construction void as the mining investment boom unwinds.
The results have been disappointing, however. While employment has undoubtedly been supported in the short-term, many of the apartments going up have barely enough room to swing a cat. They also come with an expensive price tag of $400,000-plus, along with lofty body corporate fees – hardly an “affordable” solution for young Australians and families seeking shelter:
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