Townhouses: Quartery median change by suburb based on data collected from January to June 2018Supplied

“However, the small, poor quality apartments that were built over the last decade are likely to see falling prices as they are shunned by both investors and owner occupiers,” Walker said.

“Apartment living in Australia as a whole is growing. This is especially the case in our highly populated cities such as Melbourne.

“Although not for everyone, many people will need to accept this form of living as it is the only way to keep up with demand.”

Source: theurbandeveloper.com