Demand for Apartments across Australia on the Rise

A growing number of people are opting to live in apartments near the city these days. Apart from easy access to facilities, affordability and low maintenance living are top reasons why rental units are in demand. You can explore more details about 3 bedroom apartments in Melbourne through riverside apartments Melbourne.

Demand for Apartments across Australia on the Rise

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The latest research from realestate.com.au has confirmed that demand for apartments is on the rise. The findings showed that the number of tenants and sharers looking for an established or new apartment for rent has gone up to 39 percent from only seven percent in 2012.

While home improvements and repairs can be a disadvantage, realestate.com.au studies show that six of the 10 occupants of the apartments do not mind spending their own money to make improvements in their rental properties.

More than half or 52 percent of young tenants have spent their own money on repairs while more than 60 percent of Gen X and baby boomers are more likely to spend on repairs.

When it comes to maintaining rental units, 72 percent of renters said they take care of their apartment as if they were his own. Baby boomers, however, considered the best tenant with 84 percent of them say they take good care of their rental property.

Meanwhile, Arthur Charlaftis the General Manager of Sales and Operations said research and educating one's self on the outskirts important statistic is important because it can find a lease or share the property that fits your lifestyle.

In Melbourne, Calydon is a leading developer of large apartment buildings near the CBD. Among the latest projects in East Brunswick with 412 apartments for sale and Cremona situated on the banks of the Yarra River.