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Focus on high-rise in Australia's housing boom

Rising land cost, ageing population and foreigners cause shift to apartments

Looking up: Currently, two high-rise apartments are being built for every five detached houses, which is double the historical rate, says an analyst. - PHOTO: BLOOMBERG

[SYDNEY] Australia is enjoying a long-desired housing renaissance as a record amount of new building gets under way, and a shift in fashion toward high-rise living should lengthen its life span even if it tempers its immediate benefits.

In the past, the focus was all on detached houses...

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