Luxury apartments fetching more than house prices Every day we come across various articles on the fight between Houses Vs Apartments and what’s better and the truth is that not one is better than the other, at the end of the day what it all really comes down to how much you can afford and what is suitable for your life style and needs at that time of your life. As you can see from yesterday’s post from one of Melbourne’s most expensive listings asking 23.5million for a Luxury apartment in East Melbourne and todays article which features the Port Melbourne landmark HMAS building with is penthouse being listed for 18million it really is about all the finer things in life and that houses have land but miss out on the luxury views that apartments have and offer tighter security and that’s why we should be more product specific when purchasing and not follow the rule of thumb and buy a house over an apartment when more specifics need to be looked at like location, demographic of area that you want to live/invest in and the purpose of that property. Reasons people invest into high rises · VIEWS · Security · Minimal housekeeping (cost & time) · Being a part of a community · Sometimes they can achieve higher rental yields · Development amenity’s like gyms, pool, spa, cinemas and outdoor bbq areas that often all host breathtaking views and that are all maintained by the owners corporation. Developer Elias Jreissatis bespoke foreshore penthouse at Port Melbourne has returned to the market with a new video marketing campaign and an $18 million price tag. propertyobserver.au/forward-planning/advice-and-hot-topics/title-tattle/38513-18-million-plus-hopes-for-hmas-penthouse-at-port-melbourne.html?utm_source=Property+Observer+List&utm_campaign=40ec4c10a3-02_December_2014&utm_medium=email&utm_term=0_a523fbfccb-40ec4c10a3-245488529 __________________ FOR MORE INFORMATION CONTACT US: Melbourne Property Acquisition & Investments Pty Ltd [email protected] | mpai.au Suite 3, Level 2 517 Flinders Lane| Melbourne 3000 #MPAI #realestate #melbourne #melbre #property #acquisition #investment #auction #forsale #buy #sell #rent #sold #propertyinvestment #superannuation #retirement #propertydevelopment
Posted on: Tue, 02 Dec 2014 05:31:36 +0000
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