Apartment developments boom in Melbourne

More and more building applications for apartment developments as builders respond to strong demand for affordable housing in the overheated property market . Melbourne homes now costing more than $1 million, property developers are rushing to bring multi-unit projects to the market in inner and outer suburbs at prices competitive with the traditional detached house and land. The south-east growth centre of Greater Dandenong had the most applicants, followed by Melbourne, Boroondara, Maribyrnong then Stonnington