Multiple factors account for a successful move, says Janette Corcoran, the Victorian director of the peak apartment-owners body, the Owners Corporation Network, and chair of her 42-level tower in Docklands, Victoria Point, which has more than 1000 residents, as well as serviced apartments, offices and retail outlets.

“Whether downsizing works or not depends on the push and pull factors,” she says. “One family were feeling unsafe in their house in one area and love now living in an apartment building with security, a concierge and people around all the time.

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