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Even if the value doesn't go down, the opportunity cost is not worth it IMO. There needs to be a much bigger price multiplier between a house and an apartment for an apartment purchase to make sense - i.e three times higher at a bare minimum to account for the lack of land and the fact the...

I don't think Sunshine is an apartment suburb. In Australia, apartments only really make sense if the suburb is in such high demand and houses are that expensive that people are desperate enough to live in an apartment to live in the particular area. I'm thinking inner suburbs etc. Not Sunshine...