Brief: Sydney is swinging towards cosmopolitan apartment living, according to a new report by development lobby group Urban Taskforce.

The survey conducted by ResearchNow shows 35 per cent of Sydneysiders live in apartments and 15 per cent own apartments as investment properties.

The aim of the study was to find out “how the apartment community thinks”.

From a sample of more than 1000 people, the study found 17 per cent of Sydneysiders were renters, 18 per cent were apartment owner-occupiers and 15 per cent were investors.

A further six per cent of Sydneysiders did not live in apartments but intended on moving into one soon.

Researchers asked participants a series of questions to do with political persuasion, education level and what they thought were the most important aspects of a good apartment.

The three most important reasons to live in an apartment were location, affordability and public transport.

The most important feature of an apartment was a balcony.