Australian first-time homebuyers shift to smaller apartments due to high property prices.
The "Australian dream" is shifting from large houses to smaller apartments due to high property prices, with the average house costing $1.13m in capital cities. First-time homebuyers opt for apartments with key amenities like balconies, two bedrooms, and underground parking. The article from Real Money's newsletter suggests considering factors like location, building quality, and potential for property growth before purchasing apartments.
May 11, 2024
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