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

Meriton founder and managing director Harry Triguboff, who just turned 91 this past Sunday, says purchasers today are willing to pay a premium for brand-new apartments, both for the great lifestyle offered and the higher rents and resale value achieved.

“People today are quite choosy, and they are happy to pay more to live in an area we have recently developed. We understand that because we have been successfully developing and building for over 60 years, we know the way people want to live and we build exactly what they want.

The new apartments we build today are aesthetically pleasing, spacious, and offer a great lifestyle. We see that more and more people are embracing apartment living, compared to 30 years ago the number of apartment dwellers in Australia has gone up 108%.

These new buildings also offer an abundance of facilities often lacking in older developments, like retail precincts, childcare centres, and secure parking spaces, and they often achieve higher rents for investors compared to older units.

New apartments are also better at preserving value when owners need to sell and move on, and more buyers are becoming aware of that. Take our Ocean building in Surfers Paradise for example, the units are performing extremely well with the value gone up significantly, and the building was only completed a years ago. “ Says Mr. Triguboff.

“And we’re not talking about interest rates coming down, because if they do the prices will rise more rapidly.”