Luxury Sydney, Melbourne townhouses defy price downturns
Townhouses and terraced homes, especially in the more expensive price ranges, are defying the property market downturns in Sydney and Melbourne.
The market for townhouses, such as these North Melbourne Florenze townhouses, has remained consistently strong in Melbourne. (Image source: Shutterstock.com)
As was the case in Victorian England, contemporary terraced apartment or townhouse developments in Australia are a solution to an urban shift.
But times have changed since such homes were the result of a mass convergence to the city to scrounge out a living.
Large numbers of terraced houses were built in the inner suburbs of large Australian cities, mainly between the 1850s and the 1890s.
In Sydney and Melbourne today, where they are most com…
