Enjoy life, downsize
Feb 11, 2013
Baby boomers tired of maintaining large houses and lawns after the children have moved out are leading the trend in people downsizing from homes to apartments.
The Sydney Morning Herald is reporting the number of people selling up their homes and buying apartments is expected to take off this year thanks to the improvement in the property market.
David Chittenden, general manager residential for Colliers International says apartment-living is now an emerging trend.
Figures for 2011, showed more than a quarter of people aged over 65 lived in an apartment, more than double the figure from 2006.
“People don’t want to do chores, with large houses and gardens to maintain; they’re looking for an easier lifestyle with more time for themselves and community around them,” Mr Chittenden said.
The rise in median house prices right across Sydney, coupled with better new apartment developments, is likely to contribute to this trend in 2013. Lured by new developments including tennis courts, swimming pools, gyms and parks, they are embracing a new life without the burden of mowing lawns. Plus with many new estates now offering two-bedroom, three-bedroom and four-bedroom apartments, they can still downsize without losing a lot of internal space.
If you’re looking around your home and wondering where it would all fit in an apartment, consider calling Containaway. We make self storage easy by bringing our mobile self storage containers to your door. This is ideal for keeping seasonal items such as Christmas trees and sporting equipment, so you don’t have to clutter your new apartment, and you can access them for free at our warehouse whenever you need.