5 Benefits of Apartment Living

There’s plenty of perks when it comes to living in an apartment – especially in Melbourne.

If you’ve been deciding between purchasing a house or an apartment, we’ve outlined the five key benefits of high-rise living to help with your decision.

  1. Affordability

It’s no secret that property prices in Melbourne are rising. Recent data released by CoreLogic has revealed that Melbourne house values were up 1.4 per cent over the month of August, reaching a new median record of $954,496.

As a buyer, property price growth can be intimidating. However, with the median price of apartments offering better affordability than house prices, you can still purchase a luxurious property for a realistic price when you opt for high-rise living.

In further good news, apartments typically cost less money (and time) to maintain than your average detached house. When you purchase an apartment at Prospect Box Hill, everything will be brand spanking new. Not only is this aesthetically pleasing, but the newer the fixtures and fittings are, the less money you’ll spend in maintenance and repairs. Winning!

  1. Increased Safety

Most apartment complexes have additional layers of security that you simply cannot get from purchasing a home. Whether it’s CCTV footage in the lobby or controlled access to certain levels, you can breathe a sigh of relief knowing there’s additional security precautions in place. Living in close proximity to other people also means that should suspicious activity occur, it’s likely one of your neighbours will see something and report it back to you or the relevant authority.

  1. Sense of Community

Living in an apartment puts you near your neighbours and offers a sense of community you don’t always get when purchasing a house. After all, it’s much easier to strike up a conversation with someone in a communal space rather than over the fence!

Stepping through the front doors of Prospect, you’re welcomed by a hotel-style porte-cochère and building concierge. From there, you’ll have access to communal spaces such as an outdoor entertainment and barbecue area, and an expansive dining room and kitchen. These dining and entertainment spaces make it easy for you to catch up with neighbours. Don’t feel like cooking? Simply visit one of the nearby eateries for a cup of coffee or bite to eat with your new friends.

  1. Location

Choosing to purchase an apartment allows you to live exactly where you want to.

Unlike houses, apartment towers are typically located in the heart of a city – with incredible views to boot. Living in an apartment can help cut down your daily commute and place you within walking distance of all the entertainment and amenity you could ever need.

Living at Prospect gives you everything you need (and want) at your doorstep. Some of Box Hill’s finest cafes and restaurants are within a 5-minute walk, as is the local train station, tram stop, shopping centre, hospital and Box Hill Institute. Stroll a little further and you’ve got access to premium primary and high schools, parks, medical centres, and the Box Hill library. A quick glance at our interactive map shows you just how close essential amenities are to Prospect.

Thriving and cosmopolitan while still feeling homely, Box Hill is becoming increasingly popular with buyers as more people seek the pleasures and advantages of modern, suburban living. Learn more about Box Hill’s lifestyle here.

  1. Extra Amenities

Unless you’ve got millions to spend, it’s unlikely you’ll ever purchase a house with the type of amenities on offer at an apartment community. Buying an apartment can give you access to incredible onsite amenities such as a pool, sauna, gym, co-working space, rooftop garden, media room and more!

Purchasing an apartment within Prospect gives you access to a variety of shared spaces. A residential community thoughtfully conceived by the architectural visionaries at Hayball, Prospect combines unmatched views of the CBD and Dandenongs with five-star amenities – including a porte cochere, pool, gym and concierge service – to deliver you contemporary convenience amid a hotel-style living experience.

A selection of 1, 2 and 3-bed apartments are available to purchase now at Prospect Box Hill. Register your details today to receive a selection of floorplans and pricing.