Developers are hitting the market in early 2016 with a host of new apartment opportunities.
The warmer weather has breathed new life into Perth’s apartment development landscape, with a host of new developments on sale for summer 2015/16.
New developments include Imperio in Mount Lawley, a boutique 19-apartment development on Walcott Street , BGC’s 44-apartment Tribeca North development in The Springs, Rivervale, and Finbar’s 100-apartment Sunago project in Dianella.
Apartment launches proposed for early 2016 include Peet’s West Hamptons development at Alkimos, which is likely to feature 60 apartments, TRG’s 122-apartment City Gardens project at Booragoon, and the SKS Group’s mixed use Point Street Development, proposed for Fremantle.
Colliers International Residential Sales & Marketing Associate Director Daniel Crotty says the strong line up indicates confidence in the market by developers, who are seeing a return of buyer interest.
Despite slower sales in winter, there was pent-up demand in the market for projects offering a point of difference, he said.
“Most of the new developments on the cards are going into markets where there hasn’t been a lot of supply, if any,” he said.
“City Gardens in Booragoon is a good example with very high interest in the development, in what is a traditional low-density suburb. The apartment offering in Alkimos is similarly unique, with nothing on the northern corridor coast quite like this.”
Mr Crotty said the mixed-use SKS Point Street project slated for Fremantle also offered a unique experience.
The eight-level development is due to feature retail, commercial and hotel space as well as 70 apartments, with a mixture of one, two and three-bedroom apartments.
“There hasn’t been anything of this scale in the heart of Fremantle,” he said.
Mr Crotty says developers and agencies would really hit the market in February and March, ready for a bigger 2016.