Some $26.5 million of off-the-plan sales were achieved over the first six weeks and Finbar chief executive Ronald Chan said it demonstrated the demand for competitively-priced apartments within walking distance of the city.
Fifty three per cent of buyers were owner-occupiers, including first-home buyers, young professionals who had previously rented in the area, and empty nesters down-sizing from suburban homes.
The project is also appealing to investors due to the attractive rental returns achievable in the West Perth location.
“While we are currently hearing a lot about a downturn in the property market, the strong sales for Aire show that the right project in the right location, priced well, will attract buyers,” Mr Chan said.
“We are seeing strong sales for the top level apartments with the best city, Swan River and Kings Park views, and two car bays.
“Buyers are prepared to invest in the premium positioned units as they see the long term value and capital growth.”
Aire marks a return to West Perth for Finbar. A luxury residential development with resort-style facilities, the project is a 22-level mixed-use building featuring 178 residential one-, two- and three-bedroom apartments, along with four levels of serviced apartments.
With prices starting from $380,000 for a one-bedroom apartment, Finbar’s aim has been to create an affordable premium product offering resort-style living in an exclusive location.
The apartments will include high quality finishes including stone benchtops, European kitchen appliances and 2.6m-high ceilings.
Residents will be able to enjoy resort-style facilities including a heated pool, games room, residents’ lounge, fully-equipped gym and sauna.
Aire will be conveniently located just a short walk from the CBD, close to the freeway and public transport, and residents will also enjoy easy access to restaurants, cafes, specialty stores and brand outlets.
Construction is expected to start later in 2016.
For more information, visit www.airewestperth.com.au. n