Apartment living has become increasingly popular across Perth, particularly in vibrant areas like South Perth, the western suburbs and inner-city precincts. For some, it’s about lifestyle and convenience. For others, it’s about investment potential or affordability. But like any property choice, there are both benefits and drawbacks to consider before making the move.
The Advantages of Apartment Living
ONE: Low Maintenance Lifestyle
One of the biggest attractions of apartment living is the minimal upkeep. Without the demands of mowing lawns or maintaining large outdoor areas, residents can spend more time enjoying life rather than managing household chores.
TWO: Unbeatable Locations
Apartments are often located in prime, central areas close to cafes, shopping precincts, public transport and the river. For those who thrive on convenience and accessibility, this can be a major lifestyle upgrade.
THREE: Security and Peace of Mind
Many apartment complexes come with secure entry points, intercoms and sometimes even on-site managers. For people who travel frequently or live alone, this added level of security is a reassuring benefit.
FOUR: Shared Amenities
From rooftop terraces to swimming pools, gyms and residents’ lounges, modern apartment buildings often provide access to facilities that would be costly or impractical in a standalone home.
FIVE: Affordability and Investment
Apartments can offer an entry point into sought-after suburbs at a lower price point than houses. They’re also an attractive option for investors, with steady rental demand from singles, couples and professionals.
The Considerations of Apartment Living
ONE: Limited Space
Apartments generally offer less living space than houses. For families or those who love hosting, the lack of a backyard or large entertaining areas might feel restrictive.
TWO: Strata Fees and Rules
While shared amenities are a perk, they come with strata fees to cover maintenance. In addition, strata bylaws may limit renovations, pets or how you can use your property, which doesn’t suit everyone.
THREE: Noise and Privacy
Living in close quarters means shared walls, hallways and common areas. Noise from neighbours or limited outdoor privacy can sometimes be a challenge.
FOUR: Capital Growth Potential
Houses on land generally enjoy stronger long-term capital growth than apartments. While apartments can perform well, particularly in high-demand locations, buyers should weigh this against their goals.
FIVE: Parking Limitations
Not all apartments come with generous parking allocations. For households with multiple cars, this can become inconvenient or costly.
Is Apartment Living Right for You?
Ultimately, choosing an apartment comes down to lifestyle and priorities. For those seeking convenience, security and modern amenities, it can be an excellent choice. For others who value space, independence, and land ownership, a house may be more suitable.
At ART OF REAL ESTATE, we help buyers and investors weigh up these decisions every day, ensuring they find the right property that suits both their lifestyle and their long-term goals.