Harry Triguboff: New apartments set the gold standard for buyers today

Meriton founder and managing director Harry Triguboff, who turned 91 last Sunday, says purchasers in today’s market are willing to pay a premium for brand-new apartments because of the great lifestyle offered, higher rents achieved and a better resale value realised.

“People today are quite choosy, and they are happy to pay more to live in an area we have recently developed,” Mr Triguboff says. “We understand what buyers need and after successfully developing and building for over 60 years, we know the way people want to live, and we build exactly what they want,” he says.

Compared to 30 years ago, the preference for apartment living has risen by 108 per cent.  More people are embracing the apartment lifestyle so demand is much greater and expectations, higher.

“The buyer is king,” Mr Triguboff says. “You give them what they want. Build an architectural masterpiece with stunning oversized apartments and every conceivable convenience on the doorstep including retail precincts, childcare centres, restaurants, secure parking, gyms and pools.

“We did all that and more at our ‘Ocean’ development at Surfers Paradise.  Completed only a year ago, the value of the apartments has already risen significantly so our buyers are sitting on a very secure investment,” he says.