Leading Australian property expert, Jian Zhang, shares her tips on what to look for when purchasing a luxury penthouse

In the current property market many people are opting out of houses and into apartments. Jian Zhang, Sales Director of luxury real estate agency, Atlas Real Estate, has reported a recent surge in property buyers looking exclusively for penthouses. As society adjusts to the world post-COVID, more people want the experience where they can work comfortably from home without the maintenance demands of yards, gardens and pools — which is accommodated with most penthouses.

Based in Sydney, New South Wales, Zhang is the powerhouse behind the marketing and sales departments within the boutique firm. Atlas Real Estate was founded in late 2020 by Director Gimmy Pan and Principal Jane Lin. They’re an innovative, technology-driven real estate agency that specialises in luxury property management, buying and selling property in Sydney.

“Young professionals and older Aussies are the two key demographics that are swooping up penthouses across the capital cities of Australia. They are looking to move into apartments that tower over the city scape and provide breathtaking views and privacy,” said Zhang.

“They also want the convenience of access to shops, restaurants, bars, parks, complex facilities and views. The other issue is that property with land is going up in value pricing many people out of the market. Penthouses actually provide affordable luxury with the maintenance.”

According to Zhang, there are seven things you must look for when considering purchasing a penthouse.

1. Location

According to Zhang, whether your penthouse purchase is for your forever home, a stepping stone, or just a holiday home or investment property, you want to look for a stellar location.

“Unsurprisingly, penthouses in prime locations provide investors with the highest returns and homeowners with the greatest equity. Outstanding investment penthouses aren’t restricted to one or two neighbourhoods, so you can think long term. Otherwise, a real…