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Style, convenience and more
In recent years, Perth’s apartments have moved from being a niche housing option to a mainstay for many buyers and renters. With rising property prices, limited land stock availability and shifting lifestyle priorities, more Western Australians are embracing the convenience, community, and contemporary design of apartment living. Offering a connected, low-maintenance way of life close to work, cafés, and recreation, apartments are fast becoming one of the most desirable ways to call Perth home.
What’s driving the shift?
Several key forces are pushing apartment living into the spotlight in Perth:
- Affordability and value: As house prices continue to climb, apartments are providing an attainable entry point for many buyers wanting to live closer to established suburbs and key amenities. In a sought-after inner-city suburb like Subiaco, where the median house price sits around $2million, the median apartment price of approximately $739,000 offers a far more accessible option for buyers who want the lifestyle benefits without the premium price tag.
- Low-maintenance lifestyle: Modern apartment living appeals to buyers seeking simplicity, security and ease. With less upkeep than traditional homes, apartments offer a lock-and-leave lifestyle that suits downsizers, busy professionals and those prioritising convenience over maintenance.
- Connectivity and location: Urban-edge and inner-city suburbs continue to attract strong demand thanks to their walkability, public transport links and proximity to shopping, dining and daily services. Perth apartments allow buyers to live closer to established amenities and employment hubs, enhancing everyday convenience and reducing travel time.
- Strong rental and investment appeal: The rental market remains highly competitive, with vacancy rates at record lows and yields continuing to rise. This is encouraging more buyers to consider Perth apartments for sale as an investment choice.
- Growing population and migration: Western Australia continues to attract new residents from interstate and overseas, adding pressure to existing housing and apartment living. For Perth buyers, this means apartment living is becoming an increasingly smart choice, offering more availability in desirable suburbs and helping you secure a home in areas where standalone houses are becoming harder to access.
Why this matters for buyers
For someone considering a Perth apartment, here are some of the key benefits:
- More accessible price-points – Perth apartments for sale are offering a realistic pathway into homeownership, especially for first time buyers or those seeking a second residence.
- Lifestyle freedom – With less maintenance, apartments allow more time to enjoy the things that matter: the local café scene, parks, and spending quality time with friends and family.
- Resale and value retention – Given strong demand and limited new supply, well-positioned Perth apartments may offer good longer-term value.
- Investment flexibility – Apartments in desirable locations continue to attract tenants, maintaining steady demand.
Things to consider
While the trends are positive, it’s important for buyers to still evaluate key factors:
- Location and amenity – Not all apartments are alike. The most desirable options are in areas with strong transport, amenity and lifestyle appeal.
- Quality and design – Construction standards, finishes and long-term maintenance are important; well-designed apartments often retain value more robustly.
- Strata fees and shared amenities – Apartments come with ongoing strata fees that cover building insurance, shared maintenance and access to communal facilities. These costs should be considered in your budget, but they also offer value for buyers who want to enjoy amenities such as gardens, communal spaces or secure parking without the responsibility of maintaining them yourself.
How Cedar Woods fits in
Cedar Woods brings its experience and reputation to the Perth apartment market, delivering thoughtfully designed communities. With the trends above highlighting why apartments are increasingly popular, now stands out as an opportune time to explore what a modern apartment in Perth could offer.
