Australians Priced Out of Dream Ditch Backyards for Balconies

Australians Priced Out of Dream Ditch Backyards for Balconies

Ian Waldie/Bloomberg

Apartments and townhouses accounted for 35 percent of new housing construction in the three months ended in Sept. 30, compared with 29 percent five years earlier and 21 percent 20 years ago, according to the federal statistics bureau.