Jellis Craig Property Journal Edition 158 2017

Property Magazine

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EDITION 158

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18th - 24th May 2017

APARTMENT LIVING

Across modern Melbourne, the desire to live in an established suburb with good public transport routes and close to employment and educational facilities is driving an increased demand for apartment living.

With a preference for village life over CBD living, city professionals, downsizers and small families are creating demand in Melbourne’s inner and middle suburbs.

The State Government’s support of medium density living in our suburbs, has encouraged urban renewal of older buildings and warehouses, and the building of new developments along train and tram lines and shopping precincts. All very attractive attributes for savvy buyers.

Buyers are demanding high quality apartments, cleverly designed to maximise space and

accommodate contemporary lifestyles. Luxury finishes and access to the outdoors are also coveted, adding additional value to an apartment’s market worth. Unique features such as wine storage, walk in wardrobes and full size utility rooms attract buyers in the prestige market.

Apartment owners in the south-eastern suburbs are likely to have seen the value of their apartment climb by up to 92 per cent in the last seven years.

On the other side of Melbourne in Kensington and Footscray, apartments have risen up to 70 per cent in the best pockets over the same period. Even more expensive suburbs such as Hawthorn, Camberwell and Toorak have seen growth in excess of 35 per cent, outperforming apartments in the CBD and Docklands.

Look at 2017 with a fresh perspective Jellis Craig’s award winning team combines the talents of the most creative professionals in real estate, marketing and technology to deliver you a fresh approach.

Specialists at engaging a targeted audience across the most effective digital, social and communication channels, the Jellis Craig team elevate the style and the story of your home.

Whether you’re ready to sell or looking for advice, contact Jellis Craig to experience real estate with a new perspective.

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