High-rise living is on the up in Australia.
To give you an idea of just how rapidly this property sector is growing - consider this statistic from the biannual crane count survey done by global property and construction consultants, Rider Levett Bucknall (RLB). There are currently more cranes working on high-rise apartment construction sites along Australia's east coast than there are in major North American cities - with the number of cranes in use for residential construction growing by an unbelievable 313 per cent over the past three years.
With apartment living clearly a lifestyle trend of the future, let's take a look at some of the advantages of living up.
The potential cost savings associated with apartment living are possibly the biggest benefit of an apartment lifestyle. From a cash flow perspective, rents are usually cheaper than mortgage repayments and you also save on maintenance costs and utility bills.
If you're looking for somewhere to live for a short period of time, an apartment generally allows that sort of flexibility. If you're new to a city, saving money, in-between commitments or undecided about investing in a particular area, then a short-term lease in an apartment complex is the perfect solution.
When it comes to cleaning, size does count! The more compact and streamlined your living spaces are, the easier they are to clean.
Maintenance expenses are generally significantly lower in an apartment than in a free-standing home. If you're renting, maintenance issues fall under the responsibility of the landlord or property manager, so peeling paint and unruly lawns won't be your weekend woes! And again, in terms of size, it's far easier to keep a compact apartment maintained to five-star levels than it is to keep a larger home looking pristine all the time.
Love the location
Inner city living is becoming a desirable lifestyle. Because apartment blocks are often situated closer to the city centres, it's a huge bonus in terms of proximity to a workplace, shops, entertainment and leisure options, public transport etc. Many of those who choose a high-rise lifestyle are also able to walk to work, saving on parking and transport costs too.
Safe and secure
A big advantage of apartment living is the level of safety and security it affords residents. Entry and exits to the complex are usually carefully controlled and monitored and every single access point to an individual unit can be easily secured. Very often, there's even a guard on patrol. The proximity of neighbours 'watching out' for your property in a multi-unit complex provides an added layer of security.
With apartment living, you can get the very best of amenities on your doorstep. From swimming pools and gyms, games rooms and tennis courts, even pet-sitting services and car washes - many multi-unit developments have luxury amenities as part of the complex.
Communal life comes with a whole bunch of social benefits. The closer proximity means there are many opportunities to meet new people, make new friends, find someone to fix your leaking tap or type up your CV - the possibilities are endless, plus the body corporate often arranges social get-togethers for residents and their families.
Many apartment complexes are managed by a professional property management company which means you get the benefit of efficient service, rapid response to maintenance and repair issues, advice on the rights and responsibilities of tenants and landlords and so on.
Apartment living definitely has its advantages and there are many reasons why more and more people are moving up in the world when it comes to their accommodation choice.
If you think that living the high-life may be for you, you should get in touch with one of the leaders in real estate and property management in Perth, Time Conti Sheffield. They pride themselves on their professionalism and have a reputation for delivering exceptional service to buyers, sellers and tenants and you can contact them through their website, www.timeconti.com.au or by phone on 08 9362 5333.