It's common knowledge that apartments have been growing in popularity steadily, and a recent release from Knight Frank confirmed that this isn't set to stop anytime soon.
According to the 2015 quarter four report from Knight Frank, apartment sales increased by 5.9 per cent in the year up to September. The capital value of these dwellings also increased by 7.7 per cent over the same period.
For those looking for the next real estate role, moving into this area could provide plenty of work and lucrative returns for the right people. However, will there be opportunities for other professionals in the design and construction industry?
Organisations discuss minimum apartment size
According to a January 12 Architecture AU article, over 140 industry professionals, members of the public and organisation representatives in Victoria have submitted their opinions regarding a possible change in the design guidelines for apartments.
In a survey conducted during the public proposal phase, 76 per cent of participants stated they agreed with minimum apartment size regulations and required sizes for storage.
If the proposal goes ahead, this could have a considerable effect on the design and construction industry so it is a wise idea to keep on top of potential changes.
What will the future look like for apartments?
When looking forward to the new possibilities of apartment design, it pays to take inspiration from across the globe. For example, utilising unconventional materials such as wood is becoming a key part of design, as demonstrated at the U.S. Tall Wood Building Prize Competition. The Department of Agriculture awarded a total of $3 million in funding to two proposals that planned to construct apartments
Erica Spiritos of Spiritos Properties was one of the recipients of the awards, explaining the immense benefits of using this material.
"By choosing to develop a timber building, we hope to pave the way for a new method of urban construction that is ecologically conscious and supportive of rural economies," she said.
"Rooted in the forests and erected in the city, this building is a celebration of habitats that are at once ancient and cutting edge, interconnected and individual, natural and technological."
With Australia hosting its own respectable timber industry, the potential is there to develop innovative buildings. Seeking recruitment advice from Design and Construct can help find the individuals with the mindset to make these projects a success.