Despite lower median unit values, Perth City apartments offer significant investment potential.

According to Brendon Habak, Selling Principal at Inhabit Property and REIWA Sales Committee Chair, the shift towards city living is gaining momentum. As the market continues to climb, more renters are opting to buy rather than compete for high-priced rentals.

“We’re seeing a surge in ‘investor-occupiers,’ downsizers who are buying city apartments now for affordable prices and renting them out in the short-to-medium term,” says Brendon. “This strategy allows them to enjoy a more flexible lifestyle while capitalizing on the growing demand for city living.”

A Thriving Market

The appeal of city apartments is evident in the increasing demand. Well-priced, presented, and promoted properties are typically off the market within weeks. With spring and summer approaching, Brendon expects this trend to continue.

A Lifestyle Choice

City apartments offer a range of lifestyle benefits, including:

• Community: Apartment buildings create a sense of neighborhood.
• Amenities: Modern facilities like gyms, pools, and outdoor spaces attract diverse residents.
• Convenience: Lower travel costs, reduced maintenance expenses, and proximity to amenities make city living more affordable.
• Investment potential: With a well-planned and constructed city, Perth offers a promising future for property investors.

Key Attractions of Perth City:

• Education: Access to public, private, and tertiary education options.
• Transportation: Efficient public transportation and easy access to major highways.
• Lifestyle: Vibrant cafe culture, outdoor leisure, and sporting events.
• Development: Ongoing projects like the Plain Street sporting hub, foreshore redevelopment, and new schools enhance the city’s appeal.

Affordability:

Perth City remains a more affordable option compared to other major Australian cities like Sydney, Melbourne, and Brisbane. This, coupled with its diverse lifestyle offerings and strong investment potential, makes it a compelling choice for buyers.

In conclusion, Perth City apartments present a unique opportunity for those seeking a vibrant lifestyle and a sound investment. With increasing demand and a range of amenities, it’s no wonder that more people are choosing to make the city their home.