What defines a property as Luxury Real Estate?

When we speak of luxury real estate it’s a combination of factors that come to mind; a sought-after location, exceptional amenities and of course the house itself. Here’s a snapshot of the 10 top performing suburbs across Melbourne at the moment.

Location

Proximity to the city is a key factor in price growth; however other traditionally prominent addresses and prized postcodes are no longer the defining baseline for luxury homes. High net-worth Individuals (HNWIs) are expanding the borders of traditional luxury locales, and are willing to pay a premium in emerging luxury areas that are perfectly positioned, boast great views or natural sunlight and complimentary amenities.

Design and size

Luxury homes are generally one of a kind; a collaboration of creative expression by the owner, architect and builder. The home should make a statement, be unique, feature a signature style and ultimately enhance its environment. Traditional luxury homes are imposing and have pools, tennis courts, sprawling, perfectly manicured gardens; but nowadays we are seeing more luxury homes in more confined spaces, such as warehouse conversions or super large penthouse that reflect the same sense of sophistication and luxury appointments.

Some say luxury is a collectible

For today’s wealthy investor, acquiring trophy real estate is the ultimate collectible treasure. One off creations by highly regarded architects and designers have been seen to attract unprecedented attention from wealthy buyers.

Central Living Developments have long been committed to setting a new benchmark in excellence with their architecturally designed masterpieces transforming the way we live and entertain. Showcasing timeless elegance, Twenty Glyndon Avenue Brighton captivates with its exquisite façade and luxurious interiors enriched by European Oak parquetry flooring, stunning roof top terraces boasting breathtaking, bay views and epicurean kitchens complemented by designer bathrooms. Make the time and enquire now.

Twenty Glyndon Avenue’s rooftop terraces provide a serene place for its residents to relax and unwind overlooking the picturesque view of the beach and water to the city skyline.

Disclaimer: The information contained herein is to be used as a guide only. Although every care has been taken in the preparation of the information, we stress that particulars herein are for information purposes only. Statistics obtained from REIV.