The number of Australians who are giving up on their dream of having a home is alarming.
Many young adults have decided that renting and living inner city is far more appealing than moving further out to an area with affordable house prices.
Many people are not taking into account the various options they have to live inner city if they consider new apartment developments.
Read to learn how new apartment developments in Sydney can be your first step to your dream home.
How are new apartment developments in Australia growing?
Within the past two decades, apartment developments in Australia have gone from smaller, unit-based blocks to luxurious towers in city centres.
Apartments offer buyers a range of options and cater to a number of different budgets.
For those looking for luxury, there are many new spacious, grand designs that veer away from the traditional aesthetic – or lack thereof – blocks of flats offer.
Apartment developments in Australia are a great opportunity for new investors looking to get their foot in the market.
It can often seem impossible for new investors to be granted entry to the housing market, but changing your perspective horizons can give you the many great options for getting your foot in the door.
Apartment developments in Sydney are looking to be the best option for inner city living.
With its population set to increase by approximately three million people in the next 40 years, it is time for property buyers to think more in terms of convenience when buying.
Life in the inner city offers plenty of public transport options, meaning you won’t have to waste time in rush hour traffic, which is only likely to get worse as the population increases.
Why Sydney investors need to act fast
As cities expand further out into the countryside, many Australians have realised how the convenience of inner-city living can positively impact their lives.
This is why many buyers are quickly taking up opportunities to live in new apartment developments close to the CBD.
Overseas buyers from Europe and Asia are quick to snap up apartment opportunities in Australia, as cultural expectations are yet to catch up with living beyond the quarter-acre block.
Demystifying apartment living
Aside from the financial aspect of choosing to buy an apartment, there are many other positives to living in a smaller space. Many Australians consider bigger as always better, however, this is not always the case.
Here, we tackle the myths around new property developments and apartment living.
Myth 1: You won’t be able to start a family in an apartment
This is inaccurate.
With the expanding number of new property developments in Australia, there are many options for buyers who want more space for their family
Do not write off apartment living thinking it will be unsustainable for your future.
Speak to a real estate agent about what kind of options are available within your budget that suit the lifestyle you would like to have.
Myth 2: Apartments do not have enough space
Long-term apartment dwellers will tell you that “not enough space” can actually be a blessing in disguise.
It encourages you to keep your home less cluttered and gets you thinking about creative storage solutions.
New property developments can also offer substantial amenities on site, such as storage cages, rooftop pools and fully equipped gyms. This takes convenience to a whole new level.
More importantly, it also helps you to be reassess your needs. You always think before you buy, which is another legacy apartment living can pass on to you.
Myth 3: It won’t feel like a home
Quite the opposite.
Apartments are more intimate and can be more easily styled. As living quarters are closer together, it is easier to achieve a sense of flow that carries throughout your home.
There is also a greater emphasis on smaller, unique and personal items that more easily catch the eye. This gives your apartment a heightened sense of nuance and elegance that could otherwise be overwhelmed in by larger spaces.
The age of apartment living is here
In other words, it is time to ditch the traditional view of a home and look to the future of the property market.
New property developments in Sydney are constantly popping up to cope with the demand for apartment living which is expected in the next few years.
If you’re thinking of buying in the next year or so, there’s no better time to explore your options with apartments. If you want to keep your current lifestyle, they are the perfect choice for couples and small families.