Looking to get closer to the action?
Apartment living has some great perks - with generally lower prices than other forms of residential property, they need less maintenance than large houses and often don't have a backyard that needs raking or mowing on a regular basis.
In addition, townhouses and units are often centrally located - close to shops, public transport and other desirable amenities.
Essentially, apartments form the central core of a certain lifestyle choice that attracts people who want to be close to the action.
However, there are still some important decisions to be made when exploring the opportunities put forward by urban living.
Travel times can often play a large part in the decision - while commuting to and from work is a common occurrence, there a few people who actually enjoy spending a long time on a crowded bus or train.
Conversely, the kind of entertainment on offer nearby may be the main drawcard - some homeowners enjoy a cafe lifestyle, while others may be more bound to the work-hard-play-hard philosophy and prefer a wide range of venues to be close at hand.
Regardless of the desired outcome, it is important to factor these points into the decision-making process before purchasing a property.