Current Trends of Building in the Perth Market – Apartments
Buyers are spoilt for choice in Western Australian at the moment. With new developments launching regularly and interest rates at an all-time low there has never been a better time to enter the home ownership market.
With this increased demand and confidence buyers have dictated some clear trends, and developments are changing the way they build to accommodate the change in buyer priorities.
Tim Cummins, Development Manager for Pindan Developments, expands on the latest trends for WA apartment buyers.
The more the merrier
Entering into the property market is an exciting milestone, and many first home buyers are looking at apartments for their step in the door. Having your own space is something to be proud of and we’re seeing a greater emphasis placed on larger entertaining areas within each apartment instead of large common facilities.
Prospective buyers are interested in open plan kitchen/living/dining areas that seamlessly integrates with a balcony for larger entertaining areas. Breakfast bars and island benches are also a popular choice, reducing the need for a dining table and encouraging social engagements in your own apartment.
Couple this with less demand for the traditionally large, over equipped common areas and you’re left with reduced strata fees for facilities that are often underutilised.
Room to move
Pindan’s recently completed development, Indigo China Green in Subiaco, has seen more emphasis placed on liveable spaces and storage. Buyers are looking for parking, with at least one bay per apartment, apartments with large or multiple balconies and ample storage both inside and out.
Secure, allocated parking is now a pre-requisite for WA buyers, as well as store rooms and clever storage solutions within the apartment. Built in robes, linen cupboards, study nooks and custom cabinetry to take advantage of every nook is proving to be popular.
The centre of everything
We’re seeing a big move towards location over apartment amenity. Like the old saying goes, location, location, location and one of the main decision making factors for purchasers is choosing an apartment based on liveability of the location. Looking for quiet but well-connected locations where they can escape the ‘hustle and bustle’ and extend their living beyond the four walls of the apartment, whilst still being within metres of dining, entertainment and transport.
‘Whilst price is always an important factor, whether you’re an investor or owner occupier, choosing an apartment based on the location will always be a wise investment in the future.’ said Mr Cummins.
Less is more
Boutique, custom and bespoke are all the current ‘it’ words of building! With less demand for the high-rise apartments of our East Coast counterparts, West Australian’s are demanding smaller, detailed living spaces focusing on smaller ‘boutique’ style apartment blocks with a limited number of apartments.
Pindan’s latest development, Aviva on Broadway, underwent extensive research and development to design a unique development that not only the local community would be proud of, but to attract new residents to the area. With a focus on design, aesthetic and intimacy, Aviva hits the mark. Black tapware, a hot trend right now, is offered as an option to purchasers, along with the standard inclusion of feature oak and walnut cabinetry detailing and feature pendant lighting to deliver an on trend interior finish. To allow buyers to further personalise their apartments, an extensive optional upgrade list features a range of Miele appliances.
Located in Crawley, in the heart of the UWA precinct and metres from the Swan River, Aviva features just 29 one & two bedroom apartments, many with river and tree top vista views. (Register your interest for Aviva today at avivaonbroadway.com.au)
To view any of our current apartments, house & land packages or land releases, visit www.pindanrealty.com.au
or contact Matthew Smith, Project Sales Manager, on 0430 766 360
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