Reaching New Heights

The Penthouse Premium 

The increasing demand for penthouses is driving both their desirability and value. According to the Financial Review: 

"Project marketers and valuers have tipped the average price of a Melbourne penthouse to double to $60,000 per square metre in the next few years as a growing cohort of wealthy downsizers seek secure residences offering the best views and the latest technology." [Source: Financial Review] 

Penthouses typically offer unique advantages that justify their premium status: 

• Prime Views: Their elevated position ensures unparalleled panoramic vistas. 
• Outdoor Living: Larger balconies or terraces offer private open-air retreats. 
• Parking Perks: Additional parking spaces come as standard. 
• Privacy and Space: Often the sole residence on their level, penthouses offer unmatched space and seclusion. 

Additional Driving Factors 

1. Cutting-Edge Amenities: Modern off-the-plan penthouses often feature state-of-the-art amenities such as private pools, smart home technology, and concierge services. 

2. Investment Potential: High-end penthouses and luxury developments have demonstrated strong capital growth, attracting both local and international investors looking for long-term value. 

3. Lifestyle Appeal: The blend of city convenience and resort-style living is particularly attractive to affluent professionals, empty nesters, and those seeking a lock-and-leave lifestyle. 

4. Customisation: Off-the-plan purchases allow buyers to tailor their living spaces to their exact preferences, a significant draw for the luxury market. 

5. Tax Benefits: Stamp duty savings on off-the-plan purchases can be substantial, making these properties even more attractive to savvy buyers. 

Market Insights 

Marshall White's portfolio of off-the-plan penthouses showcases opulent living in prestigious locations. These properties offer meticulously designed interiors, panoramic city views, and exclusive amenities that cater to the most discerning tastes. 

As Melbourne's architectural landscape transforms, the premium off-the-plan penthouse sector will continue to present exceptional prospects for connoisseurs of refined city living.