Village named best affordable development

The Invita Apartments in The Village at Wellard, named best affordable development at the UDIA National Awards for Excellence.
The Invita Apartments in The Village at Wellard, named best affordable development at the UDIA National Awards for Excellence.

The Invita Apartments stage one release was recognised last week at the UDIA National Awards for Excellence, which honoured the country�s most outstanding residential projects across nine award categories.

A Peet Limited and BGC Residential joint venture, the apartments are in the award-winning, transit-oriented community, The Village at Wellard, and have the train station, village centre and established parklands in walking distance.

The value on offer at Invita Apartments impressed the judges, who noted it delivered generously proportioned two-bedroom apartments with very functional living spaces and integrated garaging for a median retail price of just $300,000.

�The quality of finishes was exceptional for this market segment and the enthusiasm of the proponent to seek out and deliver, within budget, fixtures and fittings typically found in higher specification homes was laudable,� they said.

Peet chief executive and managing director Brendan Gore said the complex demonstrated the quality and value homeowners and investors could expect in a number of new suburban communities, as well as the advantages of easy access to transport.

�Perth faces the twin challenges of affordability and traffic congestion, and Invita proves that city-style apartment living in a suburban community with good transport links can go a long way to overcoming these issues,� Mr Gore said.

Priced from $280,000 to $330,000, the 36 stage one apartments featured high ceilings, built-in robes and European-style kitchens.

They sold quickly and were especially popular with young professionals and investors.

The development�s third stage was launched in February following the sell-out of stages one and two.

The other WA winner was Waterford development Cygnia Cove, which was named Australia�s best residential development and awarded for environmental excellence. n