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Even more than 60% if you go by number of existing apartments and upcoming developments. A few exeptions aside, most of the apartments in the north west part of town seem to be built for students and a part of super dense high rise towers (upper west, the bradys, franklin st etc). Compare that...

The thing about Melbourne cbd apartments is that there is a massive difference in demand and value from street to street and from building to building. Any apartment north of bourke st and west of elizabeth street has limited chance of major growth. Even some of the older good quality...