Modern design and amenities, coupled with location, drive apartment demand
LOCATION and quality are underpinning apartment demand, according to a survey of owneroccupiers, investors and renters by the WA Apartment Advocacy.
The online survey found that 26 per cent of the 359 respondents wanted to live in apartments in areas where that type of dwelling was not available.
“People were looking for the right mix of apartments in the right location with the right amenity,” director Samatha Reece said.
“That means a choice of services such as retail and recreation in walking distance but also amenity in the building, such as entertaining areas.”
Buyers were also seeking quality apartments that were spacious, light and airy, with extra storage.
“Buyers are looking for modern and new, and this means that older apartments are going to take longer to sell or lease,” Ms Reece said.
“We expect that in the course of the next couple of years, the industry will see some key developers really set the scene with apartment designs and it is important that we encourage this kind of excellence for Perth’s future.”
This issue of Residential West features several new and recently completed apartment projects on pages 8,9 and 13.