With modern day society becoming increasingly time-poor, there is growing appeal for the low-maintenance lifestyle that comes with buying an apartment.
Property prices in Australia's combined capital cities have now been growing for 50 consecutive months, but the growth is patchy, with Melbourne and Sydney accounting for most of the gains, says CoreLogic.
Removing CGT exemptions on the principal place of residence would penalise average families who will receive a significant CGT bill for any improvement in home values if they were to sell.