The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
AFFORDABLE HOUSING DEVELOPMENT SUMMIT THIS THURSDAY
AFFORDABLE HOUSING SUMMIT THIS THURSDAY
EVENT DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
36
print
Print
OtherThu 26 Jul 18

How to Create a Development That Downsizers Will Really Want

4e425562-be57-4a16-9c71-cc8e56ea164a

With developers now specifically designing homes to attract downsizers, it is crucial to remember that what downsizers want extends beyond what typical residential developments offer.

The downsizer market is one of the strongest demographics of residential buyers. They're looking to sell their high-maintenance homes and move into easy care dwellings within the same community that allows them to maintain their lifestyle without the hassle.

As the Australian population ages and becomes more affluent, downsizers are also looking for brand new residences that offer high-quality design and superior finishes in detail while also allowing them the ability to "lock up and go" in order to make travelling easier.

Positioned in one of Beecroft’s most coveted streets, this limited collection of quality heritage, garden homes and unique penthouse style apartments for over 55’s has been elegantly designed with a sense of warmth and character.


One developer that understands the essential needs and desires of downsizers is Central Element, a Sydney-based developer that has successfully launched a number of developments specifically with downsizers in mind.

“During the planning stages of our developments, we don’t assume what downsizers need – instead, we actively interview them in order to find out exactly what they are looking for in a home,” Central Element development director Nathan Chivas said.

“Downsizers want to remain agile, continue being a part of their community, and overwhelmingly, they want to live in a home they’re comfortable in that supports their existing lifestyle.

“They want all of this in a development that won’t force them to give up the comforts they’re used to.”

The multipurpose space boasts in-built storage, cosy fireplaces and plenty of room to entertain.


Central Element’s latest foray into the downsizer market comes with their Beecroft project, The Malton – a boutique over 55’s development, with only 10 bespoke residences that incorporates a striking heritage façade.

Showcasing The Malton’s attraction to downsizers is how warmly it has been received in the area, with over 80 per cent of the project enquiries coming from within two kilometres of the development.

All purchasers to date are downsizers who have chosen the project based on how well it meets their specific needs.

“With The Malton, we are creating homes for downsizers that are not only high-quality but also come with all of the details that they would expect from a large-freestanding home,” Chivas said.

“We’ve included features like abundant storage, multiple carparks, spacious outdoor entertainment areas and kitchens complete with natural stone benches and Gaggenau or Miele appliances. We also offer a solar panel upgrade option.”

While some of these design features may seem excessive for investors or other residential buyers, they are necessary when it comes to attracting downsizers and can make all the difference when it comes to securing buyers – especially when these luxuries demonstrate that downsizing does not mean downgrading on quality and amenity.

The Malton is surrounded by lush greenery, with Pennant Hills Golf Course, lawn tennis courts and local parkland all within walking distance.


The Malton also offers downsizers another key benefit when searching for floor plans that allow for some level of customisation, whether it be adding additional storage bespoke requests or other additions that transform a space into a home.

“At The Malton, we’ve had some requests for things like bi-fold doors to the outdoor area, external taps near carparks and extended storage cages and we’ve been happy to meet requests, where possible,” Chivas said.

“No two buyers are going to have the exact same lifestyle or needs, which is why it’s important for us to talk to them and see how we can create an end-product that suits them.

“We want our buyers to be able to call our product ‘home’, which is why we’re happy to work with them to allow them to customise some aspects of the design when they fall within the right parameters.”

Located just outside of Beecroft Village on the coveted Malton Road, The Malton is a successful response to the shifting demands of the current property and downsizer market.

The generously sized rooms focus on comfort and function with plenty of natural light, integrated technology and accessible storage.


The Malton in Beecroft joins Central Element’s ranks of successful projects targeted toward the downsizer market with their previous project MERA Cammeray and upcoming Pymble development, demonstrating just how important high-quality, spacious and lifestyle-centred living is for this market.

The Malton is due for completion in 2019. For more information visit Central Element’s website.


The Urban Developer is proud to partner with Central Element to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.

ResidentialAustraliado not useSector
ADVERTISEMENT
TOP STORIES
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
6 Min
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Exclusive

Industry Stoush Looms Over Construction Code Pause

Patrick Lau
4 Min
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
View All >
Policy

Roundtable’s Housing Reforms Face Real-World Delivery Test

Vanessa Croll
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
HB+B Orchard Hills EDM
Industrial

HB+B Plots ‘Benchmark’ $172m Western Syd Industrial Project

Clare Burnett
Plans for the latest building in its 147ha business park are on exhibition following a $625-million injection earlier th…
LATEST
Policy

Roundtable’s Housing Reforms Face Real-World Delivery Test

Vanessa Croll
5 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
6 Min
HB+B Orchard Hills EDM
Industrial

HB+B Plots ‘Benchmark’ $172m Western Syd Industrial Project

Clare Burnett
2 Min
101 Punt Road Windsor James Park Investments
Build-to-Rent

James Park Investments Plans 399-Unit BtR Windsor Tower

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/how-to-create-a-development-that-downsizers-will-really-want