Value of Apartment Applications Almost Halve in March

Ms Owen said, “The continued strength in the apartment development space comes from a combination of long-term confidence in east coast cities, particularly close to the inner city suburbs, and calls for more housing to address a reported under-supply – particularly in social and affordable housing.” 
 
As an example, Meriton has purchased the City of Sydney council depot site in Zetland. The 1.1 hectare site has the potential to accommodate around 300 apartments. This recent acquisition…