There comes a time for many couples – perhaps in their fifties, perhaps a little earlier – when they look around and realise that most of their wealth is in the walls around them. It is certainly true that for most Australians, the family home is our biggest investment.
And once the kids have moved out (and they will eventually) many couples left in a large family home decide that the equity they have built up in that property might be better used elsewhere – in a newer space needing less maintenance and perhaps even closer to public transport, as well as their favourite cafes.
At Central Element, we understand that when you downsize, you are not downsizing in size or value, you are just downsizing in maintenance and upsizing in convenience. Because, while the kids may have moved on, we still want them to visit occasionally.
Our three new developments, just newly released for purchase, tick all the boxes on the must-have list as well as a few on the wouldn’t-it-be-nice list.
Don’t feel that by moving closer to the city, you will miss out on space or luxury. This contemporary development, in the inner North Shore village of Cammeray, is all about spacious rooms and quality fittings. Central Element co-director Shane Smollen highlights that the kitchen appliances are Gaggenau throughout, because that’s the sort of touch that our customers are looking for. “And they are standard, not as an upgrade,” he points out.
The apartments are designed with a sense of classic, understated elegance, with beautiful views, spectacular kitchens offering natural stone finishes, great security and generous storage, which is rare in inner-city apartments.
Our newest development reflects all the feedback we have received from our customers –generously sized homes with beautiful finishes that can be locked up and left to go travelling, whether it’s for extended periods of time, or just the occasional weekend.
Like all our properties, we’ve designed it with the local neighbourhood in mind, appealing to nearby residents who are looking for a simpler life in an area where they’ll have a strong connection to the people.
But we haven’t forgotten the essentials, as Shane Smollen points out. “We know that a sense of security is important,” says Shane. “As well as low-maintenance.”
Located in leafy Beecroft, The Malton has been designed to complement the local lifestyle. Central Element director Wayne Chivas feels that most of the people looking at buying into the over-55 development are already locals, who might want to sell their large house and equally large garden and make a move to a low-maintenance home – without leaving the community.
And while the development is quite boutique– with 10 bespoke residences – the scale is relatively large, reflecting the type of residences in the area. “The homes are on large blocks of land, because that’s the nature of the location,” says Wayne. “Our customers still want to be within those areas because of their friends. A lot of the people that are attracted to this development are still very active and they want to stay close to the things they love doing”.