Benefits of Buying an Apartment Over a House or Land

The Rise of Apartment Living: Why More Australians Are Choosing High-Density Living

In today’s dynamic real estate landscape, the decision to invest in property holds significant weight. With Australia’s vacancy rate at a record low of 0.7% (as of February 2024) and the price gap between houses and apartments widening to an all-time high of 45% over the past four years, apartment living has emerged as an increasingly attractive option for homeowners and investors alike.

Affordability & Investment Potential

Apartments offer a more affordable entry point into the property market compared to standalone houses. Over the past four years, house prices have surged by 33.9% ($239,000), whereas unit prices have seen a more modest growth of 11.2% ($65,235). This price gap has driven more buyers—particularly first-home buyers, downsizers, and investors—towards apartments as a cost-effective and high-value choice.

Convenience & Location

Strategically positioned near public transport, employment hubs, schools, and key amenities, apartments provide unparalleled convenience for urban dwellers. Developers like Far East Consortium (FEC) focus on delivering high-density residential precincts in prime locations, ensuring residents benefit from seamless connectivity and reduced commute times.

One prime example is Perth Hub, a newly completed 30-storey mixed-use development in the heart of the Perth City Link precinct. This project has revitalised the connection between Perth’s CBD and Northbridge for the first time in over a century, creating a vibrant hub for living, working, and entertainment. It exemplifies the growing demand for well-located, high-quality urban residences.

World-Class Amenities & Community Living

Modern apartments are designed to offer luxury-style amenities that rival standalone homes. High-rise developments across the country now feature swimming pools, wellness centres, rooftop gardens, private dining areas, and entertainment lounges, fostering a strong sense of community. The inclusion of green spaces, laneways with cafés and restaurants, and communal areas enhances residents’ lifestyles and encourages social interaction.

Low Maintenance & High Security

Unlike standalone houses, apartment owners enjoy low-maintenance living, as body corporates handle exterior upkeep, landscaping, and repairs. Additionally, enhanced security measures such as gated access, surveillance systems, and onsite personnel provide peace of mind, making apartment living a secure choice for families, professionals, and retirees.

The Future of Urban Living

As Australia’s cities grow and evolve, high-density developments like Perth Hub will play a crucial role in shaping the future of urban living. With affordability, convenience, premium amenities, and security all factored in, apartments continue to be a smart and desirable choice for modern homeowners.