Penthouse describes a type of upper-level residence, but the label does not establish its layout, views or amenities.
Inspect the specifics
Check whether it occupies the whole floor, what outdoor space belongs to it and whether there are neighbouring homes or shared facilities. Privacy, noise and outlook depend on the actual design; a pool and panoramic views are not automatic features.
Review ownership costs
Examine strata records, roof and terrace responsibilities, waterproofing, levies and proposed work. Confirm parking and storage rights with your adviser. Compare similar sold homes rather than assuming a penthouse must command a record price. The premium should be assessed against features and ongoing costs.
