Apartment

In the 1980s, modern apartment buildings sprang up in riverside locations in Brisbane (along the Brisbane River) and Perth (along the Swan River).
In Melbourne in the 1990s a trend began for apartment buildings without the requirement of spectacular views. As a continuation of the gentrification of the inner city, a fashion became New York "loft" style apartments and a large stock of old warehouses and old abandoned office buildings in and around the CBD became the target of developers. The trend of adaptive reuse extended to conversion of old churches and schools. Similar warehouse conversions and gentrification began in Brisbane suburbs such as Teneriffe, Queensland and Fortitude Valley and in Sydney in areas such as Ultimo. As supply of buildings for conversion ran out, reproduction and post modern style apartments followed. The popularity of these apartments also stimulated a boom in the construction of new hi-rise apartment buildings in inner cities. This was particularly the case in Melbourne which was fuelled by official planning policies (Postcode 3000), making the CBD the fastest growing, population wise in the country. Apartment building in the Melbourne metropolitan area has also escalated with the advent of the Melbourne 2030 planning policy. Urban renewal areas like Docklands, Southbank, St Kilda Road and Port Melbourne are now predominately apartments. There has also been a sharp increase in the amount of student apartment buildings in areas such as Carlton in Melbourne.
Despite their size, other smaller cities including Canberra, Darwin, Townsville, Cairns, Newcastle, Adelaide and Geelong have begun building apartments in the 2000s.
Today, residential buildings Eureka Tower and Q1 are the tallest in the country. In many cases, apartments in inner city areas of the major cities can cost much more than much larger houses in the outer suburbs.