Sydney's shrinking homes are redefining demographics – realestate.com.au

For many accustomed to detached homes, downsizing can be a daunting prospect.

However, urban developments like Lumia's third phase offer luxury options for retirees and empty nesters.

This allows them to reduce space while improving their quality of life and makes apartment living a more attractive prospect.

What is the luxury decline trend?

Lumia is the third phase of the Norwest development and comprises 330 apartments with one-, two- and three-bedroom homes priced from the $800,000s.

Lumia offers beautifully designed apartments with high-end amenities that optimize health.

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David Lee, Sales Manager at Sekisui House, said one of the key selling points was the size and floor plans available to buyers.

“We've heard from existing buyers that they prefer Lumia's design features, as many of the apartments are designed to provide additional living space, known as Max Apartments,” he explained.

A typical two-room 'Max' apartment has 100 square meters of living space, while a three-room apartment has an average of 120 square meters.

Lumia's offerings align perfectly with the growing luxury downsizing trend, capturing the interest of potential buyers looking for high-end living alternatives.

A two-bedroom 'Max' apartment in Lumia provides 100 sq m of living space.

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Redefining luxury living for downsizers

Designed by award-winning studio Turner, Lumia celebrates the nature around it.

Green views can be found from floor-to-ceiling windows and expansive balconies that connect residents with natural habitats.

According to Mr Lee, the generously-sized floor plans include spacious kitchens, various storage spaces, offices and multi-purpose rooms, redefining the misconception of cramped apartment living.

“My discussions with developers have primarily been around whether they will have enough living and storage space in their new home – Lumia's design features take this into account and offer larger sized apartments.

In addition, each apartment has a separate storage cage in the basement.

At Lumia, residents enjoy direct access to lush green spaces and scenic views.

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High-class amenities for an active and luxurious life

Lumia residents have access to hotel-style amenities with a level of luxury rarely found in independent homes.

Some of these future amenities include an outdoor pool and pavilion, state-of-the-art fitness facilities, indoor and outdoor dining areas, an outdoor movie theater, and a community center.

Interviews with recent buyers highlight their positive experiences with the transition to luxury housing.

Many have shared how moving to a thoughtfully designed, award-winning development has improved their quality of life.

One buyer said: “For years we have been worried about downsizing as we have enjoyed the space in our home.

Lumia exceeded our expectations by providing large, comfortable living spaces with exceptional amenities, making the transition smoother than we imagined.”

Outdoor pool, fitness facilities, dining areas, outdoor cinema and more. enjoy a luxurious lifestyle with

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Access to the best of Sydney

Located approximately 30km northwest of Sydney's CBD, Orchards is also well connected to the surrounding suburbs and community.

Sydney's expanded metro makes commuting from Norwest Station to vibrant Barangaroo Station an easy 35-minute journey for Lumia residents once the new line is finished.

This means that residents can enjoy the peace and luxury of Norway by simply hopping into town for work, dining, shopping or exploring Sydney's attractions.

Norwest Markettown is also 10 minutes away where residents can find supermarkets, restaurants and retail.

The future of downsizing in Australia

David Lee of Sekisui House discusses the shift towards active abatement and its wider implications for future urban development.

“Active downsizing goes beyond reducing space; it is about improving the way of life.

“Properties like Lumia are designed to meet modern needs by providing luxury, convenience and community,” he said.

REA Group data also shows a preference for downsizing among retirees and a marked increase in demand for luxury apartments that offer comprehensive amenities.

Future trends in downsizing are expected to include innovations in housing design, sustainability initiatives and evolving community features.

Innovations in these areas are set to redefine urban living for retirees.