Home in on affordability
Sep 30, 2020
3 minutes
Pam Walkley
More and more Australians are embracing alternatives to the traditional freestanding home on a quarter-acre block (just over 1000sq m) as its cost has become prohibitive for many, especially in our major cities. But apartment blocks, townhouse developments, and the alternatives for older Australians – retirement villages and over-55 communities – have their own financial traps.
Many of these are strata title, meaning you own your apartment or townhouse as well as sharing ownership over “common
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