Home ownership is becoming a distant dream for first time buyers, while developers, creating enticing apartments, re-write the fantasy itself.
Developers are building apartments in Melbourne more densely than some of the most dense cities in the world. The city is considered one of the world’s most liveable, but with 10,000 people per block it may not be the case for much longer. Meanwhile, first home buyers see getting into the market as a far off dream. Both the reality and the dream blend into a undefinable mirage.