The latest property trends are clearly demonstrating that buying a townhouse is becoming an increasingly popular avenue for homebuyers and investors in Melbourne.
According to realestate.com.au, townhouse development approvals have increased in the Melbourne metro area by an average of 126.3% per year since 2011.
Let’s look at some of the key attributes that are driving this surge in popularity.
1. Low Maintenance Living
Not everyone wants to spend their weekends working to maintain a home. If you’re a busy professional couple, you may not want or need, a big garden. Low maintenance living is a big part of the appeal for purchasing a townhouse.
At Parkway Terraces, you can enjoy a townhouse with three bedrooms and an ample outdoor area. This ensures you can still entertain friends and family, or provide the kids with a secure space to play, without spending your free time tending to a large yard.
2. Value for Money
Townhouses embody the idea of “affordable convenience,” which is why they hold such broad appeal for all manner of purchasers, from first home buyers to young families.
Stylish 3 bedroom Parkway Terraces Townhouses are now selling from $391,900. These beautiful townhouses have been intelligently designed to make the most of their land value and aspects by utilising as much space as possible. They also boast a high degree of inclusions, including designer kitchen, finishes and appliances, as part of the turn-key package.
3. Save Money & Capital Growth
Buying a townhouse provides you with plenty of time to plan your move and save money with the simplified purchase process. A deposit is required up front, with the remaining funds paid upon completion. This means existing and new townhouse owners can also expect greater capital growth during the process. Just another reason why buying a townhouse also makes for a smart investment.
Ultimately there are many positives to purchasing a townhouse, with Parkway Terraces at Westwood a prime example of convenient, low maintenance living, without compromise.
