Many years ago, many buyers purchasing apartments and townhouses were acquiring them for investment purposes. However, it’s becoming a more preferred choice for many Melbournians to buy these types of residences to occupy rather than invest.
Married couples wanting to stay close to the city are regularly looking for spacious Apartments and Townhouses, while many sole occupants prefer it. The feedback has been, low maintenance, easy cleaning and feeling safer around a community of neighbours.
Matured families with their adult children moving out and starting families of their own, are also looking to downsize. Feedback from these type of buyers is unlocking equity to enhance their retirement income, while many have always had the desire to live closer to the ‘hustle and bustle’ of Melbourne’s regular events, cafes/restaurants and public transport.
As the demand for apartments and townhouses increase, so will the capital growth. They provide a great opportunity for many buyers, and the outlook for these types of properties remain well received and likely to be the new norm for many.
If you’d like to buy an apartment or townhouse, please don’t hesitate to contact us.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more, please contact us. We welcome the opportunity to assist you.
Sep 2017
