Crown Group forecasts trends in residential development in 2020

Crown group chairman and group CEO Iwan Sunito shares his insights on residential development major trends this year that will shape the property market.

More and more people are embracing apartment life more than ever and developers are responding to this by designing homes tailored to emerging types of buyers. There is now around one occupied apartment for every five houses in Australia – compared with one for every seven in 1991. And it’s not just young professionals seeking out apartment life these days. According to the ABS, about one-third of all new homes approved for construction from 2014 to 2018 were apartments. So, demand is coming from all sectors.

Crown Group has been awarded more than 30 high-profile industry awards including the PropertyGuru Australia Property Awards 2018 Best Condo Development for Arc by Crown Group.

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