December 2020: New developments you can secure in Perth under $640,000
The Perth market, where vacancies are low and there is upward pressure on rents, is seeing strong demand led by first-home buyers. Perth provides buyers with high-quality developments on the affordable end of the market.
Renowned demographer Bernard Salt said Perth is the “the right place for the moment”, predicting its property market will boom over the next several years.
If you're a first home buyer, here are four residences you can secure in WA's capital for less than $640,000.
1. The Crest Burswood
Two-bedroom apartments from $635,000
Address: 120 Goodwood Parade, Burswood QA 6100
Delivered by Norup + Wilson, The Crest offers world-class facilities in Perth’s inner south-east. Situated nearby Perth parklands, residents can take weekend strolls along Swan River or a short trip to the Perth CBD by train.
The 21-storey tower features full wrap-around balconies, extensive joinery and an abundance of light. Two-bedroom apartments in the project start from $635,000 with one-bedrooms from $380,000. Designed by Wood Bagot, the homes offer a 15-metre heated pool, outdoor cinema, rooftop garden area and Smeg appliances.
2. One54, Tuart Hill
Three-bedroom townhouses from $639,000
Address: 154 Banskia Street, Tuart Hill WA 6060
Situated in a conveniently-located, up-and-coming suburb, One54 is ideal for downsizers, young professional sand families. Double-storey, three-bedroom townhomes sell from just $639,000. Delivered by Griffin Projects Group, One54 Tuart comprises 15 residences with quality finishes, open-plan living spaces and front and rear landscaping.
Tuart Hill is located in close proximity to Westfield Innaloo, Osborn Park’s industrial hub, Herdsman Lake and Main Street.
3. The Precinct, Mount Pleasant
Two-bedroom apartments from $615,000
Address: 893 Canning Highway, Mount Pleasant WA 6153
Another development delivered by Norup + Wilson, is their Mount Pleasant project, The Precinct. Apartments in the 22-level multi-residential tower come in one, two and three-bedroom configurations, with two-bedroom apartments beginning from $615,000.
Amenities in the project include 10 ground-floor restaurants, resort-style pool, outdoor and indoor gym, sprint track, residents’ lounge and sky lounge. Designed by Woods Bagot, the residences offer views spanning from Kings Park and the CBD to the converging Swan and Canning Rivers.
4. One Mabel Park, Jolimont
One-bedroom apartments from $430,000
Address: 22 Pollen Grove, Jolimont WA 6014
One Mabel Park, located in the small suburb of Jolimont within the City of Subiaco, offers buyers the potential of $25,000 HomeBuilder rebate and a 75 per cent stamp duty rebate. The luxury development only has one apartment remaining under $500,000 – a one-bedroom, one-bathroom residence with a large balcony and quality finishes.
Designed by Cameron Chisholm Nichol, One Mabel Park is located next to Henderson Park and Jolimont Lake. Each apartment has been designed to make the most of the unique dual park setting, creating a sense of connectedness with views to the parklands and CBD from the east-facing apartments.
Amenities include an air-conditioned resident’s gym, double-glazed windows, electric vehicle charger and sustainable water systems.
