The rise of apartment living

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07 Apr 2016

Moline Village in Karrinyup welcomed a broad spectrum of visitors at a recent open day, with lots of attention paid to the lease-for-life apartments. Maria Davison (General Manager Housing) describes the benefits of this style of housing for over-55s.

After one of our residents, Dorothy Westlake (pictured), was featured in The West Australian talking about the perks of apartment living, almost 100 visitors attended an open day at Moline Village in February.

This unprecedented rush was expertly managed by staff with the assistance of our wonderful residents, who enjoyed showing visitors around their village.

Dorothy has lived in her apartment at Moline Village for more than four years. She told The West that security, privacy and location were the three drivers for her decision to move there. As an active single person, Dorothy appreciates being able to lock up and leave with peace of mind, and the opportunity to enjoy the village leisure facilities and social activities.

We find that these incentives are common across many residents. However, the huge interest demonstrated at the open day by a wide range of visitors suggests that other factors may also be at play here.

In particular, it seems that more people are planning for the second half of life, rather than waiting until they reach crisis point and are forced to downsize or move into a supported living situation. And now is the time to consider investing in this way: the property market is slow, keeping prices down, which could be attracting people to look at buying now.

Amana Living housing is very competitively priced, particularly the apartments in Karrinyup. Where else can you buy a one- or two-bed apartment in a highly sought-after coastal suburb for under $250,000? To find out more about our lease-for-life apartments and villas, go to the Villages section of our website or call Seniors Own Real Estate on 9243 1366.