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Price growth is dependant on supply and demand, not solely if it has land or not. The land component is a part of the supply demand equation, but not all of it. Read: http://propertyupdate.com.au/busting-apartment/

Yyeah, to each their own and all that.... but for me, id personally prefer well located townhouses. Townhouses are generally, for the price point, closer to the CBD and do have some, although not much, land. They are not suspect to massive supply issues like apartments. Houses on large plots...