With the lifestyle and convenience value of apartment living undeniable, how do astute buyers determine the location of their new home or investment? With vertical living becoming the new normal across Melbourne, here are some of the considerations that will help you choose.
Once your ideal budget has been established and financing has been pre-approved, it is wise to evaluate the type of apartment you can afford. What this budget can buy you in different areas will vary, so take the time to compare between different suburbs and areas. With often a marked difference in price within an actual suburb, you will also want to consider secondary factors when determining where to buy.
A location close to public transport options, freeway access, schools, shops and parks is highly desirable, both for investors and owner occupiers. Being close to education and employment epicentres is also a safeguard for future investment appeal. With almost a quarter of all jobs within Melbourne centred in the City of Melbourne, many local workers are choosing to buy or rent nearby to save on commuting time.
A safe and secure home is desirable for everyone and one of the main drawcards of apartment living. The security of the complex can be established by evaluating access to the building – many modern complexes are not only protected by swipe passes and/or video intercom, some also feature a concierge service. Restricted floor access, monitored mailboxes and secure, well-lit car parking and storage cages are also important considerations if security is important to you.
In-house apartment facilities do differ between complexes – from a communal courtyard or barbeque area, to resort-style offerings that include tennis courts, full-length swimming pools, supervised gymnasiums and fully-stocked libraries. Having such easy access to these facilities can be highly convenient and a great time-saver, ensuring tenant appeal.
As Melbourne’s vertical living experts, Lucas have a fantastic array of different apartment options available to buy. For personalised assistance with all of your apartment living needs, contact our award-winning team on 9091 1400.