Abstract
This article presents an overview of the characteristics of the market for higher density residential property (flats, units and town houses) in the three largest Australian cities: Sydney, Melbourne and Brisbane. The article then discusses some of the implications of current planning proposals for further higher density housing in Australian cities under urban consolidation or compact city policies and reviews a range of issues that may well arise. In particular, issues concerning the role of the rental investment market and Strata Title framework in determining the outcomes of current metropolitan compact city policies and the implications of higher density housing for social stability are discussed.