Australian housing values grew by 22.1% in 2021, and the market is showing no signs of slowing. While townhome prices have also increased, the price gap between traditional detached houses and townhomes have now widened to a record high of nearly 38%. This means townhomes are now the more viable pathway to homeownership for many first home buyers looking to get a foothold in the property market.
But this doesn’t mean it has to come at a compromise to lifestyle. As the price gap shows, townhouses tend to be priced lower than traditional, detached houses while still offering spacious homes in sought-after suburbs.
Botanical Estate in Mickleham offers a range of elegant, off-the-plan townhomes, surrounded by an abundance of open-air spaces, urban conveniences and connectivity.
Opportunities for first home buyers
The McGrath Project Spring Report shows that the year is already seeing increases in young buyers looking to enter the property market through unit purchases. Looking ahead, the market is expected to increase this attention toward units even further - and as the demand rises, so too will prices.
Botanical Estate townhomes have been designed like houses, offering spacious living spaces and private homes without any shared areas.
You can enjoy a four-bedroom, three-bath townhouse at Botanical Estate, complete with a large living area and private outdoor space. Inside, all townhomes feature 2.5m ceiling heights, 20mm stone benchtops and 600mm Fisher & Paykel appliances.
Botanical Estate’s inclusion of fully landscaped courtyards means you can still entertain, have a garden and give the kids enough space to run around without having to spend every other weekend mowing the lawn.
While price is one of the biggest drawcards for townhome living, it’s not the only one. There are plenty of benefits to townhome living in addition to the price. For instance, townhomes allow you to own a property in your ideal suburb while staying within budget.
An amenities rich community surrounded by natural splendour
When it comes to property, location is key. Botanical Estate is ideally located on Poppy Street, Mickleham, and thanks to its central location, has a strong focus on convenience, community and connectivity.
Botanical Estate sits at the heart of one of the fastest-growing communities in Mickleham and is surrounded by retailers, fresh grocers, restaurants, and schools. There are over 30 hectares of planned open spaces for residents to use throughout the estate. The 22-hectare park will strengthen the local biodiversity and bring residents closer to nature with beautiful wetlands, a playground and botanical themed gardens.
Whereas once upon a time, the great Australian dream of owning a home meant a detached house, contemporary townhomes like those at Botanical Estate are changing how the market approaches homeownership. Townhomes are showing many purchasers that they can live in their suburb of choice and enjoy a higher quality of life without having to spend nearly as much. Botanical Estate offers homes that check all the boxes - without breaking the bank. Click here for more information.