The household residence simply received a high-rise makeover as a rising variety of Aussies are performing now to safe reasonably priced properties, buying a number of flats throughout the similar improvement for the whole household.
Granger McGregor, 51, thought that he and spouse Judy would downsize in about 10 years, they as a substitute determined to quick monitor their journey.
They bought two separate two-bedroom residence’s off-the-plan inside Ellipse Property’s Atrium constructing, the primary stage of the developer’s Carrington Place masterplan in Fortress Hill.
When the constructing is full in mid-2026 Granger and Judy will dwell in a single residence whereas instantly under them their daughter (now aged 16) and son Cooper (now aged 18) will ultimately dwell independently in their very own unit.
Judy and Granger (center) will dwell in a single residence whereas instantly under them their daughter (left) and son Cooper (proper) may have their very own unit. Picture: Nathan Smith
“I by no means thought I’d find yourself again in an residence as a result of so many flats are fairly busy and on major roads and that kind of factor,” Mr McGregor stated.
“I realised we weren’t going to get something that was already constructed – you actually must do it off the plan to get two collectively.
“You get a way of splitting a home in half however have it bodily in the identical constructing.”
“We noticed it as a win-win, usually we might downsize at 60 or 65 like everybody else, however we thought the children will spend their 20s and 30s perhaps stressing about renting or perhaps shopping for or no matter and we shall be attempting to downsize once we are fairly outdated.
“As we began sorting via the home the final six months we realised there’s truly plenty of work in downsizing after 21 years and I wouldn’t wish to be doing all of this work after I’m 70.”
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The McGregor household are downsizing from their five-bedroom household residence in Cherrybrook. Picture: Nathan Smith
Transferring from their five-bedroom, two-storey household residence in Cherrybrook, Mr McGregor stated the flats shall be much less upkeep.
“The home itself is now 30 years outdated and each weekend there’s a lot upkeep to be completed – plus a giant yard that the kids aren’t even thinking about anymore,” he stated.
“Housing affordability is so low that we all know the children would have been residing with us properly into their 20s, perhaps even later.
“This fashion we are able to try this independently, but with the consolation of getting us so shut by.”
Mr McGregor stated Atrium gives the perfect of each worlds, the place they can dwell independently, however nonetheless shut to one another.
“We have now the creek and bushland at our doorstep – however are simply throughout the street from the Metro, retail and eating areas,” he stated.
“I used to drive from Cherrybrook to Showground to the strolling path, however subsequent yr I’ll simply stroll out our entrance door and be there.”
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Granger and Judy McGregor stated there have been many advantages downsizing to the off-the-plan flats. Picture: Nathan Smith
Ms McGregor stated the advantages outweighed dangers of shopping for off-the-plan such because the upside of getting two model new flats and never having a yard to keep up.
“My husband has hit 50 and I’ve received one other yr earlier than I hit 50 however simply eager about our way of life and our child’s way of life goes to evolve into it made plenty of sense to make the shift now so we are able to all take pleasure in residence residing however nonetheless keep collectively so to talk,” she stated.
Cooper McGregor stated it was not a lot totally different to double storey residing.
“It’s a level of separation intrinsically as part of it however it’s nonetheless the identical constructing and it’s solely an elevator or staircase away,” he stated.
“It can just about be performing as if it was only a second storey on a home slightly than two totally separate properties.”
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“That is undoubtedly a brand new pattern we’re beginning to see,” Ellipse Property affiliate director of design, advertising and marketing and gross sales Puja Khanna stated.
“As an alternative of being the Financial institution of Mum and Dad down the monitor, dad and mom are performing now to safe a number of properties.
“When the children ultimately do transfer out, the flats will be saved as investments or bought.”
Colliers nationwide director Blake Schulze stated they’re seeing extra downsizers selecting such modern options.
“It’s a sensible approach to keep independence whereas staying linked and permit for flexibility sooner or later,” he stated.
Carrington Place render kitchen and eating
Carrington Place front room render
“This pattern is being pushed by a mix of things such because the excessive costs of freestanding properties, rising building and upkeep prices and the comfort of the brand new Metro, all of which make fashionable residence residing a horny possibility.”
Luke Hayes director of Colliers stated during the last yr they’ve seen household purchases together with securing properties for in-laws and/or dad and mom.
“We’ve additionally seen fairly a number of amalgamations with a little bit of a twin key side as properly, the place two flats have been joined collectively to accommodate one tremendous residence” he stated.
In response to Mr Hayes, driving components have been each monetary and caring for relations.
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