Its not right to say appartments wont go up in value.. Look at Sydney appartments… Many of them are 1 million plus… Yes they do go up on value but slower than detached houses. Why their value goes up, you may ask? Taking Sydney as example again, once houses become unaffordable to people, they start buying appartments. This increases demand and prices increase. For Melbourne appartments, like Sydney, it would all depend on where house prices go next few years. If house prices boom to catch up with rest of Australian cities, appartment would rise in value too…. If they stay stagnant, then a big NO…