Investors Reap the Rewards of Choosing Meriton

Savvy property investors are reaping the rewards by choosing Meriton.

Meriton founder and managing director Harry Triguboff says property investors who chose to buy Meriton apartments have been able to achieve higher rents and better resale values.

“Our properties are always maintained to the highest of standards, because we have dedicated onsite building management teams who not only lease to high caliber tenants but routinely inspect grounds, facilities and conduct all maintenance on behalf of owners. This is something that others do not offer.” Says Mr. Triguboff.

Meriton currently owns and manages over 10,000 apartments and boasts a tight vacancy rate below 1%. Strong rental demand has pushed rents to above pre-pandemic levels, which equates to a 20% jump in 12 months, and with the return of students and migrants next year we anticipate further growth.

Mr. Triguboff notes many investors are also attracted to the fact that Meriton keeps many units it builds, which means there is a vested interest in maintaining the properties to the highest of standards. “It’s a win-win situation.” Triguboff says. Meriton has retained over 4,500 apartments, making Meriton Australia’s largest private landlord.

While Triguboff works hard to ensure all of his developments are well maintained, he also understands that there will also be a time when owners need to sell and move on. Local agents with little knowledge of his developments were adversely affecting apartment values, so 10 years ago he decided to start up his very own resales department which has proven to be a huge success in assisting original purchasers on-sell their properties. “More buyers are aware of the benefits of choosing Meriton to on sell their property. As the developer who designed, built and sold the property, we have unparalleled knowledge of the property, previous sales and market trends in the area. And because we are constantly building new units, it is in our best interest to achieve the maximum price possible and maintain values within the area.” Says Mr. Triguboff.

Meriton’s stand-out 60-year history and 100% completion record offers great confidence to buyers. “Meriton has been building for 60 years, so buyers are assured that their Meriton apartment will always be finished to the highest of standards and on time.” Says Mr. Triguboff. Additionally, Meriton’s reputation as a developer and builder is reaffirmed by the 4.5 GOLD STAR iCIRT rating, the highest rating achieved by a private developer since the rating’s inception.