Walking through the streets of London, Paris or New York, it’s clear to see that apartment living has been the way of life for many decades. However, for Australians, the trend towards multi-residential living has only begun to take off in the last 10 years or so.
In addition to a lower cost of living, minimal home maintenance, shared amenities and often times close proximity to the city, there’s something else attracting Australians to an apartment lifestyle – a sense of community and belonging.
The fast-paced and rigorous lifestyles we hard-working Australians have grown accustomed to have caused many people to feel isolated. According to a Household, Income and Labour Dynamics in Australia (HILDA), Melburnians are commuting 66 minutes a day to work – a 20% increase on 2002.
Extra time spent commuting, in conjunction with longer working days and a technology driven ‘always on’ lifestyle has reduced our time and ability to connect with the people around us. Now more than ever, humans are craving meaningful interaction with others.
As apartment living has become more common, with over 2.3 million Australians living in apartments in 2016 according to the Australian Bureau of Statistics (ABS), more buyer demographics are recognising the indirect benefit of community that multi-residential living affords. The modern apartment lifestyle is bringing about a resurgence of the relationship between neighbours that our parents’ generation enjoyed.
Almost one in 10 children aged four or younger live in an apartment, as an increasing number of families opt for apartments, reaping the benefits of connectedness they provide. The increased demand for apartments has spread beyond the CBD to suburbs traditionally occupied by large house blocks such as Kokoda Property’s forthcoming Malvern Collective project, which will offer more than 600 people the opportunity to build a life in this affluent, community-oriented suburb at an accessible price point.
Sitting on the well-connected corner of Dandenong and Glenferrie Roads at Station Place, Malvern Collective is situated just 12 minutes to the CBD by train, meaning residents will have more leisure time to experience this thriving local community and relish time with loved ones.
Set to undergo restoration works as part of the precinct project, the Station Place vicinity surrounding Malvern Collective will be tailored made to support a flourishing community culture. With additional green space to be opened out and a range of retail amenity including a cinema and wellness centre, the top end of Glenferrie Road will become the ideal meeting place for friends and family.
Amenity within Malvern Collective itself is designed to provide residents with total convenience and inspire shared experience, with a 24/7 concierge, outdoor terrace with BBQ facilities, rooftop pool, spa, sauna and more.
Malvern Collective is nestled amongst leading top schools, transport and shopping, creating a dynamic family community parents can raise their children in a safe and supportive environment. The abundance of parks and recreational facilities, including dog-friendly Central Park, are home to regular community events for people of all ages to attend, just minutes from Malvern Collective.
For more information on how you can discover a more community-oriented way of life at Malvern Collective, click here or visit the display suite today!