Why apartment living is so popular

More and more Melburnians are moving into apartments. Those Australians who prefer a traditional freestanding house with a backyard are asking why? Here are 5 reasons why many Melbournians are choosing the “high life”.

5. Cosmopolitan Lifestyle

 Most apartment buildings are located within built-up areas amongst a wide range of shopping and dining amenities with easy access to cultural, sporting and entertainment amenity.   

4. Minimal maintenance

Apartments require minimal maintenance in comparison to a traditional house. Owners Corporations typically take care of all common property including gardens, lobbies, external windows, lifts and recreational facilities. No mowing the lawn or cleaning out the gutters.

3. Amenity within the building

Many apartment buildings offer residents luxurious hotel style amenities containing cinemas, large pools, gymnasiums and lounges for exclusive resident use. Residents save money on gyms and have access to a lifestyle which would usually be too expensive or inconvenient when living in a freestanding house. 

2. Proximity to work

Tens of thousands of people work in the city every day, often commuting long distances via public transport. Young professionals and established singles are choosing to avoid these long commutes and expensive parking by living in apartment towers in the CBD and surrounding inner-suburbs.

1. Price

Buying a house in inner-Melbourne suburbs such as Fitzroy, Carlton and South Yarra will set buyers back a median price of $857,000*. Compare that to a significantly lower price tag for apartments with panoramic city views and access to abundant amenity in the CBD and surrounding suburbs, many people are deciding to save some money and enjoy everything apartment living has to offer.

Melcorp Property only manage apartments in the best towers throughout inner-Melbourne. Currently we have a range of apartments for sale and rent in two of Melbourne’s newest towers; Prima Pearl in Southbank and Abode318 in the CBD.

To enquire about rental or sales listings in these towers and many others that Melcorp currently manage apartments in call us on +61 3 9663 1117 or email Alternatively you can visit our website to view our range of high quality apartments for sale and rent.

*prices are a median generated from statistics published by and retrieved on November 18, 2014.