There has been a notable shift in the design, style and offerings included within boutique, luxury apartment buildings. Particularly for the well-heeled over 55s market, property developers are responding to the changing needs, lifestyles, expectations and technologies providing almost futuristic amenities in their latest designs. What we’re seeing here in Australia, as part of the current downsizing trend, is a demographic willing to sacrifice their large homes and square meterage for ultra-modern luxurious apartments in bougie precincts with like minded owners. Here are 15 of the features you are likely to see in luxury apartment buildings, particularly for the over-55s, now and in the future.
The idea that you can say “good morning” to your apartment and it then does everything for you, including opening blinds, turning on lights, the radio or TV, and boiling the kettle, sounds like the stuff of science fiction, but it has become a reality at some of the apartments being constructed around Sydney.
It’s an increasingly popular move to sell up the family home and relocate to a spacious and sensational apartment complex in a nearby suburb.
It’s not so much about downsizing as it is about rightsizing. The drudgery of having to clean and maintain a big five-bedroom family home makes modern apartment living very compelling for over-55s.
And the inclusions are much more than marble spaces, luxurious upholstery, and harbour views. Here are 15 of the futuristics and fabulous features in modern projects that are attracting downsizers from their large family homes.
Modern developments are starting to incorporate features such as voice-controlled lighting and temperature, smart locks, and appliances that can be controlled from a smartphone.
With more people working from home, apartment buildings must include shared workspaces for residents, such as co-working areas, private meeting rooms, and high-speed internet connections. Some developers are going the extra mile with conference rooms and espresso bars.
More sustainable design features, such as green roofs, rainwater harvesting systems, solar panels and energy-efficient appliances are prevalent in modern developments.
Today, healthy living is trendy, which means wellness amenities must offer more than just a treadmill, often including yoga studios and outdoor spaces for meditation and relaxation.
Developers are including design elements such as shared outdoor spaces, community gardens and common areas to encourage social connection and community amongst residents.
Often situated on a rooftop, buildings with one or both pool types are luxury at its core. The pool at the top of the Akoya is an example of this five-star resort-esque feel.
A beautifully landscaped greenspace can help residents unwind after a busy day or host friends in an outdoor space.
The rooftop deck is iconic when it comes to high-end apartment amenities. Not only does it have the potential for gorgeous views it can double as an event space often including an outdoor kitchen and dining area.
Whether it’s a bar, fireplace lounge, curated library or dining room, residents are looking for luxurious common spaces whatever the weather.
Undoubtedly more of a bonus feature, a virtual golf simulator is another amenity attracting buyers who want to maintain an active lifestyle without the incursion on space.
Whether it’s a coffee shop, juice bar, hair salon or a private spa with massage beds and steam room, lifestyle options at residents’ doorstep are becoming desirable for this demographic.
A movie theatre or screening room is another simple yet desired amenity for downsizers trading space for shared features.
Even if potential residents don’t yet own an electrical vehicle, more and more are considering it. This feature is one of the most highly desirable inclusions by savvy investors.
Whether hosting an event, ordering an uber, or booking tickets to the latest show, this feature is the epitome of luxury. The entry space in most of these projects is reminiscent of a New York hotel stay.
Features like a wine cellar with private wine storage offers potential investors the opportunity to retain certain lifestyle comforts whilst still downsizing their overall property size.
Tim Abbott | Director
tim.abbott@raywhite.com | 0425 285 833
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