When it comes to buying an apartment, there is lots to consider including location and proximity to public transport and amenities. However, one of the main factors that should be taken into account is whether to buy on the ground floor or higher up. There are many pros and cons to each, and at the end of the day it comes down to personal preference of the buyer or renter, but demographics and the suburb should also be considered to know what this market looks for.
Here are our pros and cons for both ground floor apartments and higher level apartments.
So what apartment should you go for? It really depends on the suburb you live in and the market may influence your decision. Generally, the highest level apartments are the ones with the best views and experience greater capital growth, whilst ground floor apartments are more appealing for retirees and families with children who can make the most of the added space.