The property market has become increasingly fickle and harder to enter; many are identifying apartment style living as the smart choice in todays economy. There are countless benefits to apartment style living, from design, security and cost savings, Australians have long been making the move and reaping the benefits.
Over two million people across Australia now live in apartments, according to the Australian Bureau of Statistics.Victoria is the home to the fastest growing population in Australia, with the population forecasted to double between now and 2050. Major cities around the world including, New York, London, and Melbourne have all adopted apartment style living to be able to reap the benefits of city life.
Here are the Top Five Reasons, Apartment Style living is the smart choice:
The top architects in the world are switching their focus to apartment design, to find new and creative ways to maximize space. According to Pritzker Architecture prize winner Zaha Hadid, “In modern times, we are using the skyline to build creative spaces, beautiful buildings and effective, efficient living”.
Not only are the designs beautiful, they are extremely livable. In our own backyard, architects have been achieving world class apartment designs, capturing space, light and form to bring people together and create moments of delight. Actress Nicole Kidman, comments that she “loves the proximity” of her apartment “to the city and the recreation facilities with the contrast of the privacy within ones own home.” It’s no wonder that 21% of Australians now live in an apartment.
When purchasing a new home, safety, security and a natural connection with your local community are all vital deciding factors. John Donne said, “No man is an island” and the apartment style mode of living means that locking up and leaving for the weekend isn’t a problem. Security doors, video intercoms and close proximity to neighbours allows for peace of mind.
Living in an apartment also promotes a sense of community. According to the Australian Department of Health, “Being part of a community can have a positive effect on mental health and emotional wellbeing. Community involvement provides a sense of belonging and social connectedness.” Psychologist and best-selling Author, Dr Timothy Sharp agrees, stating that our neighbours and community have been shown to be vitally important for our health and wellbeing.
Another key factor to mental and emotional wellbeing is making time for leisurely pursuits, hobbies and new adventures. With apartment living, comes more efficiencies and less maintenance. No lawns to mow, minimal upkeep and cleaning is a breeze. Timothy Ferriss, the lifestyle guru whose “4-Hour” lifestyle makeover books have dominated best-seller lists states, living in an apartment enables him to “free up time to travel the world, do the things he enjoys and bring more balance to life.” Imagine how much more time you can dedicate to exploring local restaurants, taking your new golf clubs out for a swing or catching up for an afternoon walk with friends in the lush parklands.
Werribee is known for their riverfront, local park lands and cultural events, offering you a playground in your own back yard. Known for celebrating the natural assets and character of the local surrounds with plentiful opportunities for social gatherings, events and play. In addition, this year Wyndham City council announced an exciting $11.8 million rejuvenation plan of Wyndham Park. The proposed designs include an extensive array of activities and attractions for all ages.
The median apartment price is 38% less-expensive than median house prices and with 20% of the Australian population now living in apartments, you can definitely see why. Not only does living in an apartment save you time, it saves you money. Maintaining a house is not only time consuming, it is also very expensive.
Whether you are downsizing, buying your first home or upgrading, owner occupiers are reaping many financial benefits from buying an apartment over a house. Cost savings such as; off the plan stamp duty savings, first home buyer grants, no arduous garden maintenance and their associated costs and smaller gas or electricity bills could save you thousands of dollars. Additionally, living within a community such as Werribee allows you to work and play without the cost pressures of the commute.
Apartment style living is the way of the future, ahead of its projected schedule Melbourne’s population has now succeeded five million people. These numbers are set to further double in the next 20 years, this growth is reflected in once rural neighbourhoods evolving into new and exciting central hubs. Leading the way in Werribee, a growth corridor of the west, Watton St, Rivière ticks all the right boxes from design, community, lifestyle and financial benefits.
With years of experience and a track record for delivering timeless, forward thinking and exquisitely designed spaces the property development team at Evergrande have partnered with the building construction team at ARC3. “My 30 years of experience, as an award-winning master builder, have taught me that to be at the top of our industry, you need to cultivate a team of highly talented individuals. This enables us to nurture and retain the team required to build world class quality developments” Scott McVilly, Director ARC 3.
There has never been a better time to enjoy apartment style living. “Evergrande are excited to be the pioneers for vertical style living in Werribee. We recognised the considerable investment and growth plans and wanted to be part of the bold vision for the new Werribee. The local community resonated with us and we are excited to help shape this new era in the west” Michael Elliott, Director Evergrande Properties. With construction well underway, these stunning boutique apartments have a move in date set for mid-2019.