Lighting up the inner city with next-level apartments and a wealth of amenities – The West Australian
Apartment living provides a low-maintenance, lock-up-and-leave lifestyle, as well as the simplicity that comes with being close to amenities, public transport and work.
Finbar Executive Director and Chief Operations Officer Ronald Chan said buyers wanted to spend more time doing the things they loved, rather than wasting time commuting.
He said spending time maintaining a house and garden was a concern for buyers and the idea of strata managers taking care of the maintenance, insurance and management of the building, as well as the amenities on offer, was appealing.
“Amenities within a development is one of the top three deciding factors gathered from our research, coming after price and location,” Mr Chan said.
“Not only does it add to one’s lifestyle but it’s an extension to an apartment, adding value and appeal to future buyers or renters.
“We are seeing great new ideas being implemented into new developments, for example the glamping nook up on the 36th floor and virtual golf at our Garden Towers development in East Perth.”
Designed to breathe new life into the historic East Perth postcode, Garden Towers offers a lifestyle of luxury with resort-style amenities, including a 21m heated swimming pool, games rooms, a gym, a meditation yoga room, a private cinema, a steam and sauna room, as well as a business lounge with Zoom pods.
Mr Chan said the appealing apartment living lifestyle was attracting a variety of buyers.
“We see a wide range of demographics, from first homebuyers to downsizers and investors, as well as families who live in regional areas buying an apartment as a base or holiday home,” he said.
“Additionally, with Western Australia’s borders now open to the world and the State Government stamp duty rebate incentive, we are now seeing an increase in foreign buyers, with Singaporeans being the predominant nationality looking at investing in apartments.
“Finbar continues to see repeat buyers investing in apartments, making up to 14 per cent of our overall sales.
“Apartments generally retain higher yields and attract young professionals working in the Perth CBD and international expatriates.
“Strata levies and sinking funds means …….