What is an apartment?
For a long time, apartments have been a popular choice for those who cannot afford or simply do not want to live in house.
They are often favored by first home buyers and real estate investors because they are usually cheaper than houses and are typically located in convenient locations.
Advantages of Apartments
1. Affordability
In the same location, the purchase price of most apartments is usually cheaper than houses. They are not only more affordable, but also offer many choices.
Most apartments are located in central areas with well-developed infrastructure close to public transport such as subway stations, bus stops, and amenities like shopping malls, supermarkets, hospitals, and schools. High-rise apartments also have beautiful views. According to data from the Australian real estate website Domain, properties with views are priced 3% - 25% higher than those without views. If they have unobstructed water views, the price can be even 30% - 80% higher, which can be described as a priceless view.
2. High Level of Security
Burglars typically have to bypass several layers of security measures to reach your apartment door.
Apartments are equipped with comprehensive security facilities, such as access control systems, CCTV surveillance cameras, elevators, etc. With the continuous development of housing intelligence, more and more high-end apartment projects are introducing high-tech products, such as facial recognition, smart door locks, digital mailboxes, and are managed by professional property companies with building managers and security guards.
3. Low Maintenance
If you don't like spending an entire afternoon cleaning on weekends, then cleaning an apartment may be a low-maintenance cost method.
You don't need to worry about tasks such as repainting the exterior of the house, pruning or cleaning the gutters. With an apartment, the only outdoor space you need to worry about is the balcony. It's very simple.
4. Amenities
Apartment living can provide you with a range of amenities that a house cannot offer. Think about swimming pools, indoor gyms, rooftop entertainment venues, covered parking, and security systems, all available within your reach. Moreover, you don't even have to maintain the swimming pool!
What is a townhouse ?
If you can't make a choice between an apartment or a house, a townhouse has features of both.
A townhouse is a multi-storey building, where you own the house but share the land with others.
Townhouses typically offer the space and privacy of a house, providing families with outdoor space and room to move. However, you still face similar limitations to those of an apartment.
Advantages of buying a townhouse
1. More space than an apartment
Townhouses usually have three bedrooms, sometimes even more, making them more spacious than most apartments. Therefore, they are an ideal choice for families needing more space. Larger townhouses even have swimming pools, and townhouses come with 1-3 parking spots or garages, and ample storage space.
2. Better privacy
Townhouses are part of low-density residential projects, relatively independent, with good privacy and a unified design style. Unlike apartments, townhouses have no shared areas and provide almost the same level of privacy as houses (except for shared walls). At the time of sale, townhouses with only one common wall are usually more popular among buyers.
3. Most townhouses are cheaper than houses
Townhouses are usually cheaper than detached houses but more expensive than apartments. However, you still need to consider the cost of maintaining and repairing the common areas of the property.
The price is an advantage of townhouses, which have land belonging to the owner, are cheaper than detached houses but more expensive than apartments. But don't forget, the maintenance cost of townhouses is low, mainly because the common areas are shared by the community owners and managed by a professional property company.
4. Community-based management
Townhouses require the payment of property fees for unified management services in the community: public areas, garbage disposal, and maintenance of facilities. High-end townhouse communities are equipped with amenities similar to apartments such as swimming pools, BBQ areas, and security, and the property fees are relatively cheaper than apartments.
What is Houses?
Houses refers to a property where the buyer purchases the land with exclusive ownership.
Compared to apartments and townhouses, Houses offer the most flexibility, space, and privacy. However, they do come with some downsides, such as higher utility bills, more maintenance space, and typically a higher cost.
Advantages of Houses
1. More Living Space
houses offer much more space than apartments and townhouses. If you have a large family or want more living space, houses is a good choice.
2. Outdoor Space
Unlike apartments, most houses come with front and back yards. Here, you can build a patio or entertainment space, and build a swimming pool if there's enough outdoor space.
3. More Privacy
In a house, you won't have to worry about noise from neighbors through thin walls. It offers better privacy.
4. Flexibility
AC Realty Group's House & Land customization allows clients to choose the size of the land and the style of the building according to their needs. Clients can design the exterior, layout, and interior decoration style according to their wishes. For more details, please contact AC Rrealty Group's professional consultants for advice.
We're on a mission to help Australian and overseas buyers to build up their property profolio and wealth.
We are not a sales agency or property development company. We aim to showcase every development in Australia to help you find the perfect new home!
AC Realty Group is a truly remarkable platform for Australian local buyers and overseas investors to find the latest project information on the market.
Alvin Tan
AC Realty Group was founded with a clear purpose, primarily to serve our main clients: home buyers, investors and developers. We only select high-quality boutique projects in major Australian cities.
Alvin Tan
Industry Leading Project Portal
A network of 2,000 active agents.
We are offering best opportunities of our network of agents to success.
Spire
Price: $120k - 150k
Address: 16 Dover St, Oakleigh East VIC
Sign up our agent program
